Headline changes for Platts USGC gasoline heards

Platts will launch eWindow software for its US Gulf Coast gasoline assessment process for Colonial Pipeline grades on Friday, October 9.

This will create a different format for published bid and offer headlines on PGA page 400. For example, a headline that currently appears as "USGC: Gasoline: C55 M3: Company XXX bids Nov 3.00 cents/gal, 25kb" would instead be published as "Platts Gasoline M3 USGC ColPipe C55, Company XX bids Nov NYMEX RBOB $0.03/gal for 25."

In the new headline structure, the volume being bid for will be expressed as a multiple of 25,000 barrels, with a minimum volume of 25,000 barrels.

Also, differentials are expressed in $/gal, rather than cents/gal. Company short-form names may also appear differently.

For questions and comments please contact Subhan Usmani, +1 713-658-3268, Yahoo ID platts_usgc2, or by email at subhan_usmani@platts.com.