RBOB Gasoline Futures (RB) — Contract Specifications
NYMEX · Energy
42,000 gallons is 1,000 barrels expressed in gallons — the refined products keep crude's barrel size in different units.
Contract specifications
| Exchange symbol | RB |
|---|---|
| Exchange | NYMEX |
| Contract size | 42,000 gallons |
| Minimum tick | $0.0001 per gallon |
| Value per tick | $4.20 |
| Contract months | All 12 calendar months |
| Settlement | Physical delivery |
| Trading hours | Sun–Fri 18:00–17:00 ET, 60-minute break each day at 17:00 ET |
What one tick is worth
The minimum price increment is $0.0001 per gallon. Because the contract covers 42,000 gallons, each tick is worth $4.20 per contract.
This contract is physically delivered. Holding it past first notice day starts the delivery process, so traders without a use for the underlying normally close or roll well before then — see how rollover works.
Other contracts on this market
| Contract | Size | Per tick |
|---|---|---|
| NY Harbor ULSD (Heating Oil) HO · NYMEX | 42,000 gallons | $4.20 |
| WTI Crude Oil CL · NYMEX | 1,000 barrels | $10.00 |