Platts launches USGC waterborne gasoline, diesel assessments excluding RVO Nov. 1

S&P Global Platts has launched US Gulf Coast waterborne assessments for ULSD, CBOB, premium CBOB, unleaded 87 and unleaded 93, excluding Renewable Volume Obligation values, with effect from Nov. 1, 2021.

The launch of these new assessments provides further transparency to the robust USGC refined product export market, where RVO values are discounted for gasoline and diesel shipments.

Exports do not carry any RVO obligations under the US Renewable Fuels Standard, unlike in the domestic US market.

The new assessments reflect the value of waterborne assessments minus the daily RVO value, published on an outright basis in US cents/gal.

In addition, Platts has also launched a premium CBOB waterborne assessment, complementing the existing assessments for USGC waterborne CBOB and conventional unleaded gasoline grades. The waterborne premium CBOB assessment is calculated by applying the spread between Colonial Pipeline and waterborne values for regular CBOB to the Colonial Pipeline assessment for Premium CBOB.

The new assessments are:

All of the new assessments reflect a 1:30 PM CT Houston close, and follow the Houston publishing schedule.

These new assessments are being published on PGA/PRF pages 156, 330, 430 and 481; in Platts US Marketscan and Latin American Wire; and in the Platts price database under the codes above.

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

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