Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Frigid temperatures lift gasoline across US Midwest: trade

Commodities | Agriculture | Grains | Energy | Electric Power | LNG | Natural Gas | Oil | Crude Oil | Metals | Coronavirus

Market Movers Americas, June 29-July 3: Rig count rises, but pandemic continues to pressure US commodities


Platts Market Data – Oil

Capital Markets | Commodities | Oil | Crude Oil | Refined Products | Fuel Oil | Gasoline | Jet Fuel | Naphtha | Marine Fuels | Equities | Financial Services | Banking | Non-banks | Private Markets

North American Crude Oil Summit, 3rd annual

Oil | Crude Oil

IRAQ DATA: June crude exports tumble, show progress on OPEC+ compliance

Frigid temperatures lift gasoline across US Midwest: trade

Houston —

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The assessment for Chicago gasoline blendstock reached a six-week high Tuesday, with subzero temperatures in the US Upper Midwest expected to restrict production and delivery of fuel, market sources said.

CBOB through February 4 at the Buckeye storage hub rose 4.75 cents/gal to be assessed at the NYMEX March RBOB futures contract minus 2.50 cents/gal, a high since the assessment at 25 points over front-month futures December 10, 2018.

The blendstock was due for a rally, a US light ends source said.

"It's been strong for a while," he said. "I've seen it in the paper market down the curve."

2019 Outlook for US Crude and Natural Gas | 2:30 pm CST, February 19, 2019 | Webinar

Review the recent ups and downs in oil prices and the volatility in gas prices and what they indicate for 2019. Part of the State of the Industry webinar series.

Learn More

CBOB already was on the rise before the winter storm as stocks were built in anticipation of demand for spring and summer gasoline.

Chicago was expected to drop to 22 degrees below zero Fahrenheit on Tuesday, with Detroit dropping to 8 degrees below zero. The cold snap was expected to last until Thursday.

"It seems like Chicago is really jumping this week," a second US light ends source said. Weather issues sometimes translate to operational issues behind the refinery gate, he said.

Market sources also expected the storm to slow delivery of gasoline to retailers.

Chicago gasoline also found support in refinery bidding Monday. Texas and Minnesota refinery operator Flint Hills sought 10,000 barrels of CBOB on the Badger Pipeline through February 4. The company improved its bid to NYMEX March RBOB minus 10.50 cents/gal without seller interest.

As of Tuesday afternoon, no Midwest refineries had reported production issues.

Oklahoma gasoline followed Chicago higher. Benchmark next-day suboctane at Tulsa was assessed Tuesday at NYMEX February RBOB minus 9 cents/gal, up 2.25 cents from the Monday assessment, with support from Koch bidding.

--Jeffrey Bair,

--Edited by Annie Siebert,