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Gulf Coast Gasoline Futures
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Description

Gulf Coast Gasoline (Physical) futures are an outright gasoline contract between a buyer and a seller.
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Gulf Coast Gasoline Futures
Product Symbol LR
Venue CME Globex, Open Outcry (New York)
Hours
(All Times are New York Time/ET)		 CME Globex: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 42,000 gallons
Price Quotation U.S. dollars and cents per gallon.
Minimum Fluctuation $0.0001 per gallon
Termination of Trading Trading in the current delivery month shall cease on the third business day prior to the twenty-fifth calendar day of the month preceding the delivery month. If the twenty-fifth calendar day of the month is a non-business day, trading shall cease on the third business day prior to the last business day preceding the twenty-fifth calendar day. The termination schedule will correspond to the same termination schedule as Light “Sweet” Crude Oil futures as posted on the NYMEX website.
Listed Contracts 12 consecutive months
Settlement Type Physical
Delivery Please see rulebook chapter 180
Delivery Period
Grade and Quality Specifications
Position Limits NYMEX Position Limits
Rulebook Chapter 180
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.