Gasoline (RBOB) (RB) Futures Contract Specifications

Energy

Gasoline Futures (RB), also known as RBOB (Reformulated Blendstock for Oxygenate Blending), are the benchmark for gasoline pricing in the United States. These contracts track wholesale gasoline prices before ethanol blending.

Contract Specifications

Detailed specifications for trading this futures contract

Contract Size

42,000 U.S. gallons (1,000 barrels)

Tick Size

0.0001 per gallon ($0.0001)

Tick Value

$4.20 per tick

Point Value

$42.00 per point ($0.01 per gallon)

Trading Hours

Sunday to Friday, 5:00 PM to 4:00 PM CT (with a 1-hour daily trading halt from 4:00 PM to 5:00 PM CT)

Platform Symbol

Margins

Check with your broker for the latest margin rates and details

Why Trade Gasoline (RBOB) (RB) Futures?

Key benefits and characteristics of this futures contract

High liquidity and volatility

Seasonal demand patterns

Correlation with crude oil

Extended trading hours

Portfolio diversification

Consumer demand indicator

Position Sizing for Gasoline (RBOB) (RB) Futures

Example calculation for proper position sizing based on risk tolerance

For Gasoline (RBOB) (RB):

Tick Size: 0.0001 per gallon ($0.0001)

Tick Value: $4.20 per tick

Point Value: $42.00 per point ($0.01 per gallon)

If you want to risk $500 with a 12-point stop loss:

Risk per Contract = Stop Loss in Points × Point Value = 12 × 42.00 ($0.01 per gallon) = $ 504

Maximum Contracts = Risk Amount ÷ Risk per Contract = $ 500 ÷ $ 504 = 1 contract