What is gasoline? Gasoline, more specifically RBOB gasoline, is a complex mixture of hundreds of lighter liquid hydrocarbons and is used primarily as fuel for internal combustion engines. RBOB stands for Reformulated Gasoline for Oxygen Blending. The RBOB price is traded on the Chicago Mercantile Exchange (CME) under the symbol RB.
NYMEX RBOB futures and options were previously traded on the New York Mercantile Exchange (NYMEX) until 2008 when the CME Group acquired NYMEX Holdings. Additional gasoline futures today are traded on CME Clear Port, a suite of flexible clearing services open to OTC market participants, and on the Intercontinental Exchange (ICE) since its acquisition by the International Petroleum Exchange (IPE) in 2001.
Gasoline futures today are one of the most important products in the world since it is used mainly in the transportation industry. What is the cost of gasoline? The average gasoline price around the world is $3.20 per gallon of gasoline.
The price of RB gasoline is priced on quality grade – regular, midgrade, or premium. Refineries charge more for higher octane fuel and the most expensive is premium grade. This is because fuel with a higher-octane level is less likely to explode or ignite under compression, which matters for high-performance gasoline engines.
Gasoline color chart
On this page, you can see the gasoline price graph and the historical price chart as offered by AtoZMarkets.
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Gasoline futures charts allow traders to evaluate past trends using various indicators, oscillators, and current gasoline prices. Gasoline trading can be repetitive at times, which will enhance the use of technical analysis to capitalize on these movements.
The gasoline futures chart will show important support and resistance levels to help you choose the best time to open or close a trade. Indicators from the group of oscillators, such as RSI or MACD, can also provide a good hint: they indicate the relative overbought or oversold of the gasoline market price.
If you want to take advantage of the price volatility of gasoline trading you can start trading gasoline futures today with reliable forex brokers.
Gasoline futures news
Gasoline forex is derived from refining crude oil and the price of crude oil has a big impact on the gasoline rate.
The price of gasoline today has a major role to play when it comes to the development of the nation. Everyone knows that higher RBOB gasoline futures quotes will make everyone pay more at petrol bunks, leaving less to spend on other goods and services. It not only has an effect on the public on an individual level, but the higher price of gasoline today also affects the broader economy.
Beginner and advanced traders alike can stay up to date with our gasoline analysis and the latest gasoline price news. They can also benefit from the many resources AtoZMarkets provides to inform gasoline price trends and improve confidence when trading. We have also listed the top gasoline broker with a good track record/longevity in the market that you can rely on.