SUBSCRIBER NOTE: Platts publishes key US gasoline, distillate differentials

S&P Global Platts has started publishing differentials for key US gasoline and distillate products versus their relevant prevailing futures contracts from October 2, 2017, in order to bring greater transparency to the assessed markets.

Gasoline and distillates in the physical oil market in the US typically trade on a differential basis to the relevant futures contracts. Platts will publish these differentials, alongside the outright price assessments Platts already publishes for these markets. No changes are proposed to the existing assessments Platts publishes in these markets.

Platts will publish the differentials versus the same futures contract month that forms the basis of the existing outright price assessments. Rollover dates for the basis month follow pipeline schedules and industry standards, depending on the region. On the US Gulf Coast, rollover dates will align with Colonial Pipeline's cycle schedule, while in Chicago, rollover dates will align with the Explorer Pipeline's cycle schedule and roll over on the 25th of each month or the following business day. Based on historical observed market data, USAC and Group 3 rollover dates will be the last trading day of the month.

The key differentials that Platts is publishing are as follows:

GASOLINE: Gasoline CBOB 87 USGC prompt pipeline differential Gasoline RBOB 83.7 USGC prompt pipeline differential Gasoline Unl 87 USGC prompt pipeline differential Gasoline CBOB Buckeye Pipeline differential Gasoline CBOB NY Barge differential Gasoline RBOB Buckeye Pipeline differential Gasoline RBOB NY Barge differential Gasoline CBOB Colonial Pipeline Linden differential Gasoline RBOB Colonial Pipeline Linden differential Gasoline Unl 87 Colonial Pipeline Linden differential Gasoline CBOB Chicago pipeline differential Gasoline RBOB Chicago pipeline differential Gasoline Unl Sub Octane Group 3 pipeline differential

JET FUEL: Jet Kero 54 USGC prompt pipeline differential Jet Kero New York Harbor barge differential Jet Kero New Jersey Buckeye Pipeline differential Jet Kero FOB Chicago pipeline differential Jet Kero Group 3 pipeline differential

HEATING OIL: Gasoil No. 2 USGC prompt pipeline differential ULS Heating Oil USGC prompt pipeline differential Gasoil No. 2 New York Harbor barge differential ULS Heating Oil barge FOB NYH differential LS Heating Oil barge FOB NYH differential

DIESEL: ULSD USGC prompt pipeline differential ULSD New Jersey Buckeye Pipeline differential ULSD New York Harbor barge differential ULSD Colonial Pipeline Linden differential ULSD FOB Chicago pipe differential ULSD Group 3 pipeline differential

On the US West Coast, Platts already publishes differentials to futures for Gasoline CARBOB Los Angeles, Jet Kero Los Angeles pipeline, ULSD (EPA) Los Angeles pipeline and ULSD CARB Diesel Los Angeles pipeline.

Please send any further feedback to americas_products@spglobal.com and pricegroup@spglobal.com.

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