NY Harbor RBOB Gasoline Futures (NYMEX) RB

About NY Harbor RBOB Gasoline Futures (NYMEX) RB

RBOB gasoline is a contract based on the largest single volume refined product sold in the U.S. (gasoline) which accounts for almost 1/2 of national oil consumption. RBOB gasoline futures and options trade in a highly diversified market, with hundreds of wholesale distributors and thousands of retail outlets, thus resulting in very competive, intense price volatility.

RBOB gasoline futures and options are traded via open outcry and electronically on CME Globex. Option types include American-style, calendar spread, crack spread, average price and European-style. Exotic contracts are offered as well under the calendar spread option , average price option , crack spread option, European "look alike" option and conventional gasoline vs. RBOB option.

RBOB gasoline conforms to industry standards for reformulated regular gasoline blendstock for blending 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.