US Cash Products-Gulf Coast gasoline grades diverge ahead of trading cycle change
NEW YORK, July 22 (Reuters) - Cash differentials for gasoline grades went in opposite directions in the U.S. Gulf Coast on Tuesday, the last day to trade for deliveries on the Colonial Pipeline's 43rd annual pumping cycle to New York Harbor, market participants said.
Gulf Coast M2 conventional gasoline RU-DIFF-USG fell a quarter of a cent to 2.25 cents below the September gasoline futures contract RBc2 on the New York Mercantile Exchange, they said.
A2 CBOB gasoline CBOB-DIFF-USG gained half a cent to 14.5 cents below September futures, they added.
Gulf Coast 62-grade ultra-low sulfur diesel ULSD-DIFF-USG was unchanged at 5.1 cents below September ULSD futures HOc2.
In Chicago, no trades were registered for a second consecutive session. It was similarly quiet in the Midwest's Group 3 market, where both the V-grade gasoline RUV-DIFF-G3 and ULSD ULSD-DIFF-G3 were unchanged, traders said.
Crude oil futures settled lower for the third consecutive session on fading hopes of U.S. trade agreements with major counterparts ahead of President Donald Trump's August 1 tariff deadline. O/R
Benchmark gasoline futures RBc1 fell 3 cents to settle at $2.1019 a gallon, while ULSD futures HOc1 fell 5.74 cents to close at $2.4518.
Renewable fuel (D6) credits RIN-D6-US for 2025 traded between 117 cents and 118 cents each on Tuesday, up from 116 cents each previously, traders said.
Biomass-based (D4) credits RIN-D4-US traded at 123.5 cents and 124 cents each, up from 121 cents each on Monday, they said.
|
|
| Latest day |
| |
| Timing | NYMEX Contract | Bid | Offer | Change |
U.S. GULF COAST <0#P-USG, PPIM> * Scheduling |
|
|
| ||
A2 CBOB gasoline CBOB-DIFF-USG | Cycle 43 | September RBOB | -14.75 | -14.25 | 0.50 |
M2 conventional gasoline RU-DIFF-USG | Cycle 43 | September RBOB | -2.50 | -2.00 | -0.25 |
62-grade ULSD ULSD-DIFF-USG | Cycle 43 | September HO | -5.35 | -4.85 | 0.00 |
54-grade jet fuel JET-DIFF-USG | Cycle 43 | September HO | -14.75 | -14.25 | 0.00 |
Heating oil HO-DIFF-USG | Cycle 43 | September HO | -22.50 | -22.00 | 0.00 |
NEW YORK HARBOR <0#P-NYH, PPIL> |
|
| Bid | Offer | Change |
M2 conventional gasoline RU-DIFF-NYH | Prompt | August RBOB | 0.50 | 1.00 | -0.00 |
F1 RBOB RBOB-DIFF-NYH | Prompt | August RBOB | -1.50 | -1.00 | -0.00 |
ULSD ULSD-DIFF-NYH | Prompt | August HO | 4.75 | 5.25 | -0.00 |
Heating oil HO-DIFF-NYH | Prompt | August HO | -10.25 | -9.25 | -0.00 |
Jet fuel JET-DIFF-NYH | Prompt | August HO | -15.25 | -14.75 | -0.00 |
MIDWEST 0#P-G3, 0#P-MC, IHPROD/MIDCO |
| Bid | Offer | Change | |
Chicago CBOB gasoline CBOB-DIFF-MC | Cycle 3 | August RBOB | -9.25 | -8.75 | -0.00 |
Chicago ULSD ULSD-DIFF-MC | Cycle 3 | August HO | -8.25 | -7.75 | -0.00 |
Group Three gasoline RUV-DIFF-G3 |
| August RBOB | -12.75 | -12.25 | -0.00 |
Group Three ULSD ULSD-DIFF-G3 |
| August HO | -2.75 | -2.25 | -0.00 |
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