ENERGY OVERVIEWS

Crude oil | Gasoline | Heating Oil | Natural Gas

Gasoline Overview | Contracts | Quote-board

Gasoline is the largest single volume refined product sold in the United States and accounts for almost half of national oil consumption. Gasoline usage in the United States totals approximately 119 billion gallons, sold through hundreds of wholesale distributors and thousands of retail outlets. A market that diverse is often subject to intense competition, which in turn breeds price volatility and the need for reliable risk management instruments.

The NYMEX Division New York Harbor unleaded gasoline futures contract is based on delivery at petroleum products terminals in the harbor, the major East Coast trading center handling a substantial share of imported and domestic shipments. The latter can come from refineries in the New York Harbor area or from the Gulf Coast refining centers via pipeline. The contract specifications conform to those for reformulated gasoline, required in many areas for controlling emissions that can adversely affect air quality.

To learn more, contact our professional consultants today: 1-800-974-8744

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