Gasoline & Oil Futures News & Prices

Refueling a car at a gas station. Fill up with gasoline. The fuel pump


Gasoline has a strong price correlation to crude oil. Refiners will turn about half of a barrel of crude oil into gasoline. Heating oil price also has a strong correlation to diesel price, with most of the demand for heating oil coming from October through March to heat homes in the U.S.

Watch for our chart updates on the Energy Information Administration (EIA) Weekly Status Reports that report inventory and product supplied (demand). Bookmark this page or subscribe to our market updates newsletter to make smarter decisions when it comes to trading gas futures.

Refinery Efficiency and Margins

Refinery efficiency will have an influence on the finished product markets. Efficiencies can be seasonally based on scheduled maintenance programs and also be affected by unplanned disruptions like war, natural disasters, etc.

Refining Margins play a big role in the supply of finished products. Utilizing crack spreads is how refinery operations decide how much and what product to produce. Since crude oil is the starting product, refiners must purchase it to then refine it into a finished product like gasoline, jet fuel, diesel, etc, and then sell the finished products. Some of the common crack spreads are the 1:1, 3:2:1, and 5:3:2 spreads.

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Crude Sheds Inventory.

EIA Report Shows a Drop in Inventory, Overshadowed by Looming FED Decision Later today, analysts expect the Fed to announce another rate hike, while Congress

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Exchange: New York Mercantile Exchange

Exchange Symbol: RB

Tick Size: $0.0001 (0.01 cent) per gallon ($4.20 per contract)

Contract Size: 42,000 gallons

Months: All Months

Trading Hours: 5:00 pm – 4:00 pm (Sun-Fri) (RTH 8:00 am – 1:30 pm) (Settles 1:30 pm) CST

Margin/Maintenance: $11,550/10,500

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    USDA Grain Export Sales

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