NYMEX gasoline hits another record at 305.07 cts

23 April 2008 21:14  [Source: ICIS news]

HOUSTON (ICIS news)--The May NYMEX reformulated blendstock for oxygenate blending (RBOB) gasoline contract settled on Wednesday at a record high of 305.07 cents/gal, due to a government-reported drop in stockpiles, according to trade sources.

May RBOB settled up 3.43 cents from Tuesday, the second consecutive record high settlement this week.

During trading, the Energy Information Administration (EIA) said total motor gasoline stockpiles were 212.6m bbl for the week ended 18 April, a 3.2m bbl decline from the previous week.

By: Brian Balboa
+1 713 525 2653

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 30 October 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly