Chemistry:Reformulated Blendstock for Oxygenate Blending
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Short description: Futures contract
RBOB
WTI crude
Reformulated Blendstock for Oxygenate Blending (RBOB) is a gasoline futures contract traded on the New York Mercantile Exchange (NYMEX). It is the benchmark futures contract for wholesale gasoline in the United States.[1]
History
Composition
RBOB gasoline is a blend of hydrocarbons suitable for use in Spark-ignition engines. It typically contains various additives, including oxygenates like ethanol or methyl tertiary butyl ether (MTBE), to improve octane rating and reduce air pollution.[2]
Refining
RBOB is refined from crude oil and about half of the crude oil is refined into RBOB gasoline, therefore RBOB tracks the price of WTI crude closely.[3]
See also
- Commodity market
- Fuel taxes in the United States
- New York Mercantile Exchange
References
- ↑ "Petroleum & Other Liquids – Table Definitions, Sources, and Explanatory Notes". https://www.eia.gov/dnav/pet/TblDefs/pet_move_pipe_tbldef2.asp.
- ↑ "Rbob Gasoline Futures Contract Specs - CME Group". https://www.cmegroup.com/markets/energy/refined-products/rbob-gasoline.contractSpecs.html%5B%5D.
- ↑ "RBOB Gasoline: Understanding One of the Most Important Commodities in the World - Commodity.com". October 21, 2022. https://commodity.com/energy/rbob-gasoline/.
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