US Cash Products-Gulf Coast gasoline grades slide ahead of pipeline cycle change
NEW YORK, March 6 (Reuters) - Cash differentials for gasoline fell in the U.S. Gulf Coast on Friday, the last day to trade for delivery of the fuel on Colonial Pipeline's 16th annual pumping cycle to New York Harbor, traders said.
U.S. Gulf Coast M3 conventional gasoline RU-DIFF-USG fell 2 cents, trading 20 cents lower than the gasoline futures benchmark on the New York Mercantile Exchange RBc1, market participants said.
A3 CBOB gasoline CBOB-DIFF-USG fell 4 cents, trading 36 cents per gallon below futures, traders said.
Gulf Coast 62-grade ULSD ULSD-DIFF-USG fell 9 cents, trading 9 cents per gallon below the ultra-low sulfur diesel futures contract on the NYMEX HOc1.
Chicago CBOB gasoline CBOB-DIFF-MC gained 8 cents, trading 35 cents per gallon below futures.
Chicago ultra-low sulfur diesel ULSD-DIFF-MC fell 12 cents, trading 34 cents per gallon below diesel futures.
Elsewhere in the Midwest, Group 3 V-grade gasoline RUV-DIFF-G3 fell 1.5 cents, trading 42 cents lower than the benchmark.
Group 3 diesel ULSD-DIFF-G3 gained 7.5 cents, trading 42.5 cents lower than the benchmark.
The RBOB futures contract on NYMEX RBc1 rose 7.57 cents to settle at $2.7466 a gallon on Friday.
NYMEX ultra-low sulfur diesel futures HOc1 rose 0.81 cents to settle at $3.6224 a gallon on Friday.
Renewable fuel (D6) credits RIN-D6-US for 2026 traded at $1.44 each on Friday, down from between $1.48 and $1.50 in the previous session, traders said.
Biomass-based (D4) credits RIN-D4-US traded between $1.45 and $1.46, down from $1.56 each previously, traders said.
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| Latest day |
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| Timing | NYMEX Contract | Bid | Offer | Change |
U.S. GULF COAST <0#P-USG, PPIM> Scheduling |
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A3 CBOB gasoline CBOB-DIFF-USG | Cycle 16 | March RBOB | -36.25 | -35.75 | -4.00 |
M3 conventional gasoline RU-DIFF-USG | Cycle 16 | March RBOB | -20.25 | -19.75 | -2.00 |
62-grade ULSD ULSD-DIFF-USG | Cycle 16 | March HO | -9.25 | -8.75 | -9.00 |
54-grade jet fuel JET-DIFF-USG | Cycle 16 | March HO | -21.00 | -20.50 | 0.00 |
Heating oil HO-DIFF-USG | Cycle 16 | March HO | -16.00 | -15.00 | 0.00 |
NEW YORK HARBOR <0#P-NYH, PPIL> |
|
| Bid | Offer | Change |
M3 conventional gasoline RU-DIFF-NYH | Prompt | March RBOB | 0.50 | 1.00 | 0.00 |
F4 RBOB RBOB-DIFF-NYH | Prompt | March RBOB | -1.50 | -1.00 | 0.00 |
ULSD ULSD-DIFF-NYH | Prompt | March HO | 4.75 | 5.25 | 0.00 |
Heating oil HO-DIFF-NYH | Prompt | March HO | -10.25 | -9.25 | 0.00 |
Jet fuel JET-DIFF-NYH | Prompt | March HO | -15.25 | -14.75 | 0.00 |
MIDWEST 0#P-G3, 0#P-MC, IHPROD/MIDCO |
| Bid | Offer | Change | |
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Chicago CBOB gasoline CBOB-DIFF-MC | Cycle 2 | April RBOB | -35.25 | -34.75 | 8.00 |
Chicago ULSD ULSD-DIFF-MC | Cycle 2 | April HO | -34.25 | -33.75 | -12.00 |
Group Three gasoline RUV-DIFF-G3 |
| April RBOB | -42.25 | -41.75 | -1.50 |
Group Three ULSD ULSD-DIFF-G3 |
| April HO | -42.75 | -42.25 | 7.50 |
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