Gulf Coast Gasoline
Gulf Coast Gasoline Meaning:
In commodity market terminology, Gulf Coast Gasoline refers to gasoline traded on the Gulf Coast of the United States, a major refining center. Its NYMEX futures contract features physical delivery in increments of 25 contracts of M-grade conventional gasoline into the Colonial Pipeline during each cycle of the delivery month.
In commodity market terminology, Gulf Coast Gasoline refers to gasoline traded on the Gulf Coast of the United States, a major refining center. Its NYMEX futures contract features physical delivery in increments of 25 contracts of M-grade conventional gasoline into the Colonial Pipeline during each cycle of the delivery month.
Gulf Coast Gasoline futures are traded on the New York Mercantile Exchange (NYMEX) and the CME Globex under the symbol LR. Prices are quoted in U.S. Dollars and the contract size is 1000 barrels of gasoline