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Reformulated Blendstock for Oxygenate Blending (RBOB) is a gasoline futures contract traded on the New York Mercantile Exchange (NYMEX). It is the benchmark futures contract for wholesale gasoline in the United States. [1]
The following is a list of futures contracts on physically traded commodities. Agricultural ... RBOB Gasoline: NYMEX: 1000 bbl (42,000 U.S. gal) RB Propane:
The crack spread contract helps refiners to lock-in a crude oil price and heating oil and unleaded gasoline prices simultaneously in order to establish a fixed refining margin. One type of crack spread contract bundles the purchase of three crude oil futures (30,000 barrels) with the sale a month later of two unleaded gasoline futures (20,000 ...
NYMEX provided an "open market" and thus transparent pricing for heating oil, and, eventually, crude oil, gasoline, and natural gas. NYMEX's oil futures contracts were standardized for the delivery of West Texas Intermediate light, sweet crude oil to Cushing. [10]
Gasoline (reformulated gasoline blendstock for oxygen blending or RBOB) is traded through NYMEX via trading symbol RB. Propane is traded through NYMEX, a subsidiary of Intercontinental Exchange since early 2013, via trading symbol PN. Natural gas is traded through NYMEX in units of 10,000 million BTU with the trading symbol of NG.
At the time of writing, the national average price of regular gas is $3.62 per gallon, $0.02 higher than this time last year. Drivers who use premium gas are paying $0.07 more this year than last ...
Most of Taiwan's liquefied natural gas (LNG) comes from Australia and Qatar, with U.S. imports making up around 10% of supplies.
For instance, natural gas futures in the United States usually have the Henry Hub as a delivery point, [2] and gold may have a delivery point of New York or London. Futures contracts that differ only in the delivery point will typically have slightly different prices, reflecting localized supply and demand and transportation costs. [citation ...