Trading Unleaded Gas as a Commodity
The American motorist may well remember the first indications of
price volatility in the gasoline market, when prices at
the pump skyrocketed following the Yom Kippur War of 1973. Oil supply
disruptions
occurred again in 1979, when the fall of the Shah of Iran sent gasoline
prices climbing sharply.
Gasoline prices and allocation controls
in effect at the time had the perverse effect of generally keeping
prices higher than market-clearing levels. Controls were removed
in early 1981, and the NYMEX Division New York Harbor leaded gasoline
futures contract was introduced soon after, giving gasoline refiners,
marketers, and large consumers a method of managing their price
risk for the first time.
Unleaded Gas Trading: A High Volume Market 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
NYMEX Division New York harbor 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.
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.
Unleaded Gas Commodities: Futures & Options
The NYMEX Division New York
harbor 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.Along with the futures contracts, options
contracts,
calendar spread options contracts, crack spread options
contracts,
and average price options contracts provide a slate of
flexible, liquid financial instruments.
More Information on Unleaded Gas Trading
Unleaded
Gas Futures | Unleaded
Gas
Options
Unleaded Gas/Oil Report
Edge Financial Group is registered and licensed as
an Introducing Broker with the Commodity Futures Trading Commission,
the federal regulatory agency of futures and options. We are also
a member of the National Futures Association, a self-regulatory agency
working with the Commodities Futures Trading Commission. Our firm is fully licensed.
Please call to speak with an account executive:
1.866.986.EDGE
Click On Any Scrolling Commodity For A Quote
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