SUBSCRIBER NOTE: Platts launches new US Linden gasoline assessments Sep 1

Platts has launched new conventional unleaded 87, CBOB and RBOB assessments on the US Atlantic Coast reflecting the value of product coming off the Colonial Pipeline at Linden, New Jersey with effect from September 1, 2016.

The evolution of the gasoline and blendstocks marketplace on the US Atlantic Coast has led to increased visibility of spot trades for both conventional gasoline, RBOB and CBOB as they come off the Colonial Pipeline at Linden.

On January 22, 2016, Platts published notice of its intent to start new assessments reflecting CBOB and unleaded 87 coming off the Colonial Pipeline in Linden, New Jersey. The September 1 launch date for the new assessments was previously confirmed in a subscriber note published on July 28, 2016.

The new assessments will reflect CBOB, RBOB and conventional 87 octane gasoline (M grade) delivery into Linden, reflecting a minimum volume of 25,000 barrels and maximum volume of 75,000 barrels.

The RVP level will be consistent with the lowest fungible grade shipped on the Colonial Pipeline at that time of year. The market will be assessed on an FOB, ex-pipe basis.

Platts will assess the first full pipeline cycle available for trade in the market on any given day.

Colonial Pipeline shipments are scheduled according to cycles. There are typically six cycles per month, for a total of 72 cycles per year. Platts will assess the first full shipping cycle, which would be the next cycle after each prompt cycle currently delivering into Linden.

For example, on August 25, if Cycle 48 is delivering product at Linden up until August 29, then the Platts assessments at Linden would reflect product coming up the line on Cycle 49.

All three assessments will roll to the next cycle at the same time.

For conventional unleaded 87, denoted as M grade by Colonial Pipeline, Platts will reflect octane of min 87 (R+M)/2, Lead of max 0.01 g/ gal, Gravity of max 62 API.

For CBOB, Platts will reflect octane of min 82 (R+M)/2 before blending with 10% denatured ethanol, sulfur of max 80ppm. For RBOB, Platts assessments reflect 83.7 octane (R+M)/2. Each new assessment will include three data points: a price in cents/gal, an RVP value and the corresponding Colonial Pipeline cycle number.

For questions, please contact 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.