Full trading conditions >>
|Product Type: Energy CFD||Market: NYMEX|
|Currency Type: USD||Measurement Unit: Gallons|
Gasoline is mainly used as fuel for various land, sea and air vehicles, portable power tools, and generators.
Gasoline is a byproduct of Crude Oil so there is usually a high degree of correlation between the two instruments.
Many refineries for gasoline are located in the US Gulf Coast, so weather-related issues can push up the price. Gasoline is also taxed quite heavily in different countries due to environmental concerns, so this is a factor worth considering when trading the instrument.