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Los Angeles CARBOB Gasoline (OPIS) vs. RBOB Gasoline Futures Contract Specs

Contract Unit 42,000 U.S. gallons
Price Quotation U.S. dollars and cents per gallon
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (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 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
Minimum Price Fluctuation $0.0001 per gallon
Product Code CME Globex: AJL
CME ClearPort: JL
Open Outcry: JL
Clearing: JL
Listed Contracts 36 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the mid-point between the high and low quotations from OPIS for Los Angeles CARBOB (Pipeline) minus the NYMEX New York Harbor RBOB Gasoline Futures first nearby contract month settlement price for each business day that both are determined during the contract month.
For purposes of determining the Floating Price, the OPIS CARBOB mean will be rounded each day to the nearest thousandth of a cent.
Termination Of Trading Trading shall cease on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 573
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing