Gulf Coast Gasoline Futures

QUOTE AND NEWS
The Times of India  Mar 23  Comment 
USA-PRODUCTS/CASH:U.S. Cash Products-U.S. Gulf Coast gasoline weakens in thin trade
Reuters  Nov 15  Comment 
U.S. Gulf Coast gasoline differentials rose about 3-4 cents a gallon on Friday, traders said, following a fire and one death at Chevron Corp's 330,000 barrel-per-day refinery in Pascagoula, Mississippi.     
Reuters  Dec 19  Comment 
Gasoline inventories in the U.S. Gulf Coast region last week rose by 2.2 million barrels to their highest level since Feb. 2011, weekly data from the U.S. Energy Information Administration showed on Wednesday.
Reuters  Nov 7  Comment 
Gasoline inventories in the U.S. Gulf Coast region, which supplies the Northeast, rose sharply last week after Hurricane Sandy shut a major pipeline that connects the region's refiners with the East Coast market, data from the U.S. Department of...
Reuters  Sep 13  Comment 
The U.S. Energy Information Administration on Thursday said Hurricane Isaac caused "considerable disruption" but little damage to natural gas processing plants along the U.S. Gulf of Mexico coast when the storm came ashore three weeks ago.
CNBC  Aug 27  Comment 
As Tropical Storm Isaac continues its path toward the U.S. Gulf Coast, gasoline futures have surged to a five-month high while oil fell slightly and natural gas prices sank.
Reuters  Jul 13  Comment 
Gulf Coast gasoline differentials fell on Friday as buyer demand waned ahead of the weekend, traders said.
Reuters  Jul 6  Comment 
Pipeline scheduling and thinly traded markets pulled U.S. Gulf Coast gasoline differentials down on Friday as the Fourth of July holiday week came to a close, traders said.
Reuters  Jun 19  Comment 
Gulf Coast gasoline fell sharply on Tuesday thanks to ample supply in the region as a new five-day cycle started trading, traders said.




 
TOP CONTRIBUTORS


Gulf Coast Gasoline futures are traded on the New York Mercantile Exchange under ticker symbol LR in U.S dollars and cents per barrel.[1]

The chart at left shows front-month Gulf Coast Gasoline Futures prices on the New York Mercantile Exchange in dollars per gallon.

Delivery Dates

Gulf Coast 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 Gulf Coast 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, 2009LRF9LR/F9-NM
February, 2009LRG9LR/G9-NM
March, 2009LRH9LR/H9-NM
April, 2009LRJ9LR/J9-NM
May, 2009LRK9LR/K9-NM
June, 2009LRM9LR/M9-NM
July, 2009LRN9LR/N9-NM
August, 2009LRQ9LR/Q9-NM
September, 2009LRU9LR/U9-NM
October, 2009LRV9LR/V9-NM
November, 2009LRX9LR/X9-NM
December, 2009LRZ9LR/Z9-NM


Contract Specifications

Contract Size

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

Tick Value

$0.0001 per gallon[1]

Daily Price Limit

None.[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 5:15 PM (current trade date) and 6:00 PM (next trade date), New York Time.[1]
  • Open Outcry (pit session): 9:05 AM until 2:30 PM, New York Time.[1]

Last Trading Day

Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month. If the 25th calendar day of the month is a non-business day, trading shall cease on the third business day prior to the business day preceding the 25th calendar day.[1]

Deliverable Grades

The deliverable grade is Colonial Pipeline’s M2 conventional gasoline in the summer season, and follows the Colonial Pipeline schedule for the lowest fungible M grade in the winter season.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 [ http://www.nymex.com/LR_spec.aspx The New York Mercantile Exchange's contract specification for Gulf Coast Gasoline futures]
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