Energies » RBOB Gasoline Futures

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Symbol
RB
Exchange
NYMEX
Contract Size
42,000 US Gallons
Tick Size
0.0001 = $4.20

About NYMEX RBOB Gasoline Futures

Gasoline is the largest single volume refined product sold in the United States and accounts for almost half of national oil consumption. It is a highly diverse market, with hundreds of wholesale distributors and thousands of retail outlets, often making it subject to intense competition and price volatility.

The New York Mercantile Exchange gasoline futures contract trades in units of 42,000 gallons (1,000 barrels). It is based on delivery at petroleum products terminals in the harbor, the major East Coast trading center for imports and domestic shipments from refineries in the New York harbor area or from the Gulf Coast refining centers.

The futures contract specifications conform to those for reformulated gasoline, required in many areas for controlling emissions that can adversely affect air quality. To ensure that the terms and conditions of the gasoline futures contract continue to mirror the cash market, NYMEX maintains close contact with federal and state officials and continues to evaluate changes in the regulations.

Unleaded gas futures and options provide individual traders and investors with an easy and convenient way to participate in an essential energy market. Due to the volatility of unleaded gas futures, this market offers the potential for quick and substantial profits and is therefore attractive to speculators. At the same time, however, this is a treacherous market in which speculators can suffer losses. In addition, a broad cross-section of companies - from those involved in exploration and production of unleaded gas to substantial consumers of energy - can use unleaded gas futures and options contracts to hedge their price risk.

In addition to unleaded gas futures, NYMEX also lists futures on crude oil, heating oil, and natural gas. All of these are available for trading through optionsXpress!

NYMEX RBOB Gasoline Futures Specifications

RBOB Gasoline futures, New York Mercantile Exchange, RB Minimum Tick Size: 0.0001 cent per gallon, worth $4.20 per contract.

Electronic trading is conducted from 6:00 PM US until 5:15 PM US EST via the CME Globex® trading platform, Sunday through Friday.

Primary unleaded gas futures contracts trade every calendar month, from January through December.

Please see the disclosures page for additional information regarding this section.