RBOB Gasoline Futures

QUOTE AND NEWS
Reuters  Mar 16  Comment 
NEW YORK HARBOR RBOB GASOLINE FUTURES PARE GAINS SHARPLY, UP 0.31 PCT TO 1.4126 A GALLON, AFTER EIA DATA
Reuters  Mar 9  Comment 
U.S. HEATING OIL AND GASOLINE FUTURES EXTEND GAINS AFTER EIA DATA
Reuters  Feb 25  Comment 
NEW YORK HARBOR RBOB GASOLINE FUTURES EXTENDS GAINS, NOW UP 4.99 PCT TO 1.4571 A GALLON, THE HIGHEST SINCE NOV.
Mondo Visione  Feb 10  Comment 
CME Group, the world's leading and most diverse derivatives marketplace, today announced it reached a trading volume record for WTI Light Sweet Crude Oil futures yesterday, February 9, 2016, of 1,603,771 contracts compared to the previous record...
MarketWatch  Feb 2  Comment 
WTI oil settled under $30 a barrel, with a plunge in gasoline leading the losses in the energy futures market.
Financial Times  Dec 2  Comment 
Rise follows Obama administration’s move to prescribe billions of gallons of ethanol use next year
Wall Street Journal  Oct 20  Comment 
Gasoline futures tumbled to a six-year low Monday, extending a selloff spurred by growing supplies and concerns about weakening demand.
Reuters  Sep 23  Comment 
U.S. gasoline futures ended lower on Wednesday after rallying to a three-week peak in volatile trade on lift from shut pipelines, refinery outages and data showing robust demand.
MarketWatch  Aug 26  Comment 
Gasoline futures plunge nearly 5% as key refinery restarts, stockpiles increase
MarketWatch  Aug 26  Comment 
Gasoline futures suffer a nearly 6% loss, dragging oil prices down along with them.




 
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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