RBOB GASOLINE

NYMEX RBOB Gasoline

CONTRACT SPECIFICATION

Trading Screen Product Name NYMEX RBOB Gasoline
Commodity Code RBE
Contract Size 42 000 gallons / lot
Price Quotation USD / gallon
Trading Hours Monday - Friday
06:00 A.M - 05:00 A.M (the next day)
Minimum Price Fluctuation 0.0001 USD / gallon
Contract Series Monthly contracts listed for the current year and the next 3 calendar years and 1 additional month. List monthly contracts for a new calendar year and 1 additional month following the termination of trading in the December contract of the current year.
Delivery Registration Day As MXV required
First Notice Day The last business day of the month prior to the contract month.
Last Trading Day As MXV required
Margin As MXV required
Position Limit As MXV required
Price Limit
N/A
Settlement Method Not deliverable
Quality Standards Standards are detailed below

QUALITY STANDARDS

In accordance with the regulations of RBOB Gasoline traded on New York Mercantile Exchange (NYMEX).

Product infomation

Product introduction

Gasoline is a fuel liquid produced from the refining of crude oil.
Mixed gasoline is especially popular in life for those who use Ron 92, Ron 95 gasoline-powered cars and motorbikes.

Hình ảnh quen thuộc tại một trạm xăng ở Việt Nam

Figure 1: A familiar image at a gas station in Vietnam

Characteristics

Gasoline is a mixture of organic hydrocarbons containing between 7 and 11 carbon atoms.
Gasoline is a liquid with a lower boiling point than water, so it is very volatile if exposed to outside air.
Gasoline from the distillation process is mixed with additives into blended gasoline to ensure safe and stable properties and then put into use.

Application

Gasoline is a highly flammable fuel, so it is used in most internal combustion engines in cars and motorcycles.

Figure 2: Operation of a gasoline internal combustion engine

Commerce

Domestic: According to data from the General Department of Customs, in 2019 Vietnam imported nearly 9.8 million tons of petroleum, with an average price of 607 USD/ton, with the addition of Nghi Son Oil Refinery going into production. import trend is on a downward trend.
As of December 31, 2019, there have been 25 operating periods for gasoline prices, in which there are 10 increases, 11 decreases, and 4 times to keep the price stable.
In the world, gasoline prices range from about 0.5 USD/l to 2 USD/l, Vietnam belongs to the group with relatively low prices with about 0.65 USD/l.


Figure 3: Gasoline prices in many countries around the world

Factors that affect gas prices

* Influenced by oil prices.
* Influenced by political and economic factors in oil exporting and importing countries.

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