View the latest top stories from our trusted partners, with a focus on today’s futures and commodity markets. Most data tables can be analyzed using “Views.” A View simply presents the symbols on the page with a different set of columns. Burning gasoline creates pollution and may contribute to global warming. As these concerns intensify, commercial paper is a type of strong competition from greener energy sources might emerge. Like any other commodity, natural gas is influenced by the forces of supply and demand. The most prolific uses of RBOB gasoline is as fuel for various products such as cars, lawn mowers, generators, pressure washers, and many other common household appliances.
How Do You Find the Price of RBOB Gasoline?
These funds tend to have relatively stable share prices, and higher than average yields. Trading in a current delivery month will cease on the last business day of the month preceding the delivery month. When it comes to crude consumption, the U.S. uses more than the next four highest consumers combined. It is also important to note that our consumption is roughly twice that of our production, making our nation so dependent on foreign oil.
Global Recession
For example, since many of the refineries for gasoline are located in the U.S. Gulf Coast region, weather issues in that area can drive up the price for RBOB. Another important factor to consider is that gasoline is heavily taxed in many jurisdictions.
What’s Happening in the Markets This Week
Gasoline futures contracts expire on the last business day of the month prior to the delivery month. At expiration, traders must either accept physical delivery of gasoline or roll their positions forward to the next trading month. The contract trades globally on the CME Globex electronic trading platform. Prices for RBOB gasoline futures logically have a high degree of correlation with crude oil since gasoline is distilled from crude.
RBOB Gasoline Futures End of Day Settlement Price
In other words, when ATR is chosen, Reversal is disabled and if Traditional is chosen, the Period is disabled. Crude oil prices Tuesday extended Monday’s slide, with crude posting a new 7-week low. Tuesday’s rally in the dollar index (DXY00) to a 2-1/2 week high was bearish for energy prices. Also, energy demand concerns in China, the world’s second-largest crude consumer, are weighing on crude prices after Citigroup cut its 2024 China GDP estimate to 4.8% from 5.0%.
GO IN-DEPTH ON RBOB Gasoline PRICE
- Trading in futures requires a high level of sophistication since factors such as storage costs and interest rates affect pricing.
- So this may give you some insight into what retail gas prices will be in a few days.
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First, transportation of this fuel can be expensive, as can the refining process to turn crude into gasoline. The prices of RBOB are directly correlated with crude oil, meaning that they will exhibit significant volatility that may be an attractive trait for many traders. Secondly, investments in gasoline can also be used to hedge against inflation, or simply to make a play on our global addiction to fossil fuels.
Click the Pop-out icon at the top right corner of the chart, then use the “Mode” button to toggle between light and dark theme. For dynamically-generated tables (such as a Stock or ETF Screener) where you see more than 1000 rows of data, the download will be limited to only the first 1000 records on the table. For other static pages (such as the Russell 3000 Components list) all rows will be downloaded. However, options also have a strike price, which is the price above which the option finishes in the money. Low Volatility ETFs invest in securities with low volatility characteristics.
Whereas buying an RBOB future could cost thousands, shares of ETFs can cost less than $20. Crude oil varieties and the technology available for refining them can lead to different gasoline products and pricing from one refinery to the next. Gasoline derives from refining crude oil, so the price of crude oil has a big impact on its price. Consumers use gasoline for fuel in cars, light trucks and motorcycles as well as recreational vehicles, boats and small aircraft. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
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