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Gulf Coast Unl 87 Gasoline M1 (Platts) 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)
Minimum Price Fluctuation $0.0001 per gallon
Product Code CME Globex: RV
CME ClearPort: RV
Clearing: RV
Listed Contracts 4 consecutive years
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the Platts U.S. Gulf Coast Unleaded 87 gasoline (Colonial M Grade using the lowest RVP posted except M0) pipeline mean minus the RBOB Gasoline Futures first nearby contract month settlement price for each business day that both are determined during the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 557
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing