RBOB Gasoline Futures

QUOTE AND NEWS
Wall Street Journal  May 21  Comment 
Gasoline futures climbed to a 2015 high Thursday on expectations of strong driving demand during the Memorial Day weekend.
Reuters  Apr 30  Comment 
U.S. RBOB gasoline futures pushed above their 200-day moving average on Thursday, the first time front-month gasoline has been above that level since July 31, 2014, according to Reuters data.
Reuters  Apr 14  Comment 
U.S. RBOB gasoline futures extended gains on Tuesday after the industry group American Petroleum Institute (API) data showed gasoline stocks fell 4.1 million barrels last week.
Reuters  Jan 28  Comment 
U.S. front-month February RBOB gasoline futures rose sharply on Wednesday after weekly government data from the Energy Information Administration showed gasoline inventories fell 2.6 million barrels last week, against expectations for a small build.
MarketWatch  Dec 29  Comment 
Crude-oil prices fell Monday, reversing a rally earlier in the session off reports of a fire affecting oil-storage tanks at a terminal in Libya. Crude oil for February delivery fell $1.12, or 2%, to settle at $53.61 on the New York Mercantile...
MarketWatch  Oct 8  Comment 
Oil and gasoline futures sink to new lows as EIA reports surprise increases in supples and as IMF growth warnings continue to cast doubt on demand.
Reuters  Sep 29  Comment 
* Stronger gasoline futures underpin U.S. oil (Updates throughout, updates settlement prices)




 
TOP CONTRIBUTORS


RBOB Gasoline futures are traded on the New York Mercantile Exchange under ticker symbol RB in U.S. dollars and cents per gallon.[1]


The Chart at left displays the front-month price for RBOB Gasoline on the New York Mercantile Exchange (NYMEX) in cents per gallon

Delivery Dates

RBOB Gasoline futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November and December (all months).[1]

The following is a table with RBOB Gasoline futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2009RBF9RB/F9-NM
February, 2009RBG9RB/G9-NM
March, 2009RBH9RB/H9-NM
April, 2009RBJ9RB/J9-NM
May, 2009RBK9RB/K9-NM
June, 2009RBM9RB/M9-NM
July, 2009RBN9RB/N9-NM
August, 2009RBQ9RB/Q9-NM
September, 2009RBU9RB/U9-NM
October, 2009RBV9RB/V9-NM
November, 2009RBX9RB/X9-NM
December, 2009RBZ9RB/Z9-NM


Contract Specifications

Contract Size

One RBOB Gasoline futures contract on the New York Mercantile Exchange is 42,000 U.S. gallons (1,000 barrels).[1]

Tick (blood sucker) Value

$0.0001 (0.01¢) per gallon ($4.20 per contract).[1]

Daily Price Limit

$0.25 per gallon ($10,500 per contract) for all months. If any contract is traded, bid, or offered at the limit for five minutes, trading is halted for five minutes. When trading resumes, the limit is expanded by $0.25 per gallon in either direction. If another halt were triggered, the market would continue to be expanded by $0.25 per gallon in either direction after each successive five-minute trading halt. There will be no maximum price fluctuation limits during any one trading session.[1]

Trading Hours

  • On the CME Globex electronic platform: 6:00 PM until 5:15 PM Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date), New York Time.[1]
  • Open Outcry (pit session): 9:00 AM until 2:30 PM, New York Time.[1]

Last Trading Day

Trading terminates at the close of business on the last business day of the month preceding the delivery month.[1]

Deliverable Grades

Generally conforms to industry standards for reformulated regular gasoline blendstock for oxygen blending (RBOB) with 10% denatured fuel ethanol (92% purity) as listed by the Colonial Pipeline for fungible F grade for sales in New York and New Jersey. RBOB is a wholesale non-oxygentated blendstock traded in the New York Harbor barge market that is ready for the addition of 10% ethanol at the truck rack.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 The New York Mercantile Exchange's contract specification for RBOB Gasoline futures
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