Full trading conditions >>
|Product Type: Commodity||Subtype: Energy|
|Country: United States (US)||Currency: USD|
|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 on the US Gulf Coast so that 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.