Platts launches DDP Florida diesel, gasoline, jet fuel assessments April 1

Platts, part of S&P Global Commodity Insights, has launched daily assessments for diesel, gasoline and jet fuel cargoes delivered into Florida, on April 1.

The new assessments reflect the value of cargoes with a minimum size of 125,000 barrels of regular CBOB, premium CBOB, diesel and jet fuel, delivered 3-15 days forward from the date of assessment on a DDP (inside duty) basis in Port Everglades and Tampa, Florida.

The assessments are intended to provide more transparency into the emerging Florida fuels market.

Florida can be supplied with fuel from the US Gulf Coast using Jones Act barges, and from the wider export market using international-flagged ships.

The new assessments reflect the most competitive cargoes of gasoline, diesel and jet fuel delivered into Port Everglades and Tampa, respectively.

Cargoes delivered in other Florida ports, or using other shipping incoterms, may be normalized for consideration in these assessments.

Where relevant, information on adjacent markets may also be considered in the assessment process.

Platts publishes the new assessments daily in US cents per gallon, and their respective monthly averages except relevant RVP symbols which are published daily.

The daily assessment symbols are as follows:

The DDP Florida gasoline assessments reflect the same Reid Vapor Pressure as the prompt Colonial Pipeline market.

The new assessments appear in Platts US Marketscan, Oilgram Price Report, Platts Global Alert and Platts Refined Products Alert pages 27, 35, 154, 310, 311, 312, 313, 410, 411, 480, 481.

The decision to launch the new DDP Florida assessments were announced by Platts in a subscriber note published March 4, available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/030424-platts-to-launch-ddp-florida-gasoline-diesel-jet-fuel-assessments-april-1

Please send any comments or questions to americas_products@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.