Each of these products is recovered at different temperature points.
Trading at settlement is available for the front two months except on the last trading day and is subject to the existing TAS rules. Trading in all TAS products will cease daily at 2: The TAS products will trade off of a "Base Price" of to create a differential plus or minus in points off settlement in the underlying cleared product on a 1 to 1 basis. A trade done at the Base Price of will correspond to a "traditional" TAS trade which will clear exactly at the final settlement price of the day.
Maximum Daily Price Fluctuation. If any contract is traded, bid, or offered at the limit for five minutes, trading is halted for five minutes.
There will be no maximum price fluctuation limits during any one trading session. Trading terminates at the close of business on the last business day of the month preceding the delivery month. All duties, entitlements, taxes, fees, and other charges paid. Requirements for seller's shore facility: Edwin Drake, the first American to drill for oil, discovered gasoline by accident when he was distilling oil to make kerosene for heating. Drake considered gasoline a useless byproduct of the distillation process and discarded it.
However, after the invention of the automobile in , gasoline became the main source of fuel for cars and light-duty vehicles. This makes gasoline one of the most important and well-known commodities in the world. Ready to start trading gasoline? Read our go-to guide here. Gasoline production takes place in oil refineries. These industrial facilities separate crude oil, which consists of different hydrocarbons, into smaller component hydrocarbons or fractions. Each fraction has molecule chains of different lengths, and each of these chains has a different boiling point.
Refineries heat crude oil at temperatures of several hundred degrees and place the boiling liquid into distillation columns called stills. The boiling process produces gasoline as well as other products including kerosene and diesel fuel. Each of these products is recovered at different temperature points.
A typical gallon barrel of crude oil yields 45 gallons of petroleum products. Gasoline represents nearly half of the petroleum products produced, which ranks it as the number one product recovered during the refining process.
The supply of gasoline depends on the availability of both crude oil and refineries. By Bluford Putnam January 07, Event Risk Enters Phase 3: What's At Stake in ? By Bluford Putnam December 19, All Access, All the Time Discover new trading strategies and expand your familiarity with our markets with our offering of tools for the active, individual trader. There were no trades for this contract during the time period chosen. Please choose another time period or contract.
Reference Rate BRR -. Reference Rates Last Updated: Trade Date CME Globex CME ClearPort Open Outcry Open Interest 08 Jan 0 07 Jan 04 Jan 03 Jan 02 Jan 31 Dec 28 Dec 27 Dec 26 Dec 24 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 14 Dec 13 Dec 12 Dec 11 Dec 10 Dec Last Updated 08 Jan
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