Gulf Coast Gasoline
Gulf Coast Gasoline is defined as M Grade conventional gasoline traded on the Gulf Coast, the primary refining center and delivered into the Colonial Pipeline. The Gulf Coast is one of two key trading centers in the cash market. The other one is New York.
Gulf Coast gasoline futures are traded at the NYMEX under ticker symbol LR. Contract size is 42,000 gallons (1,000 barrels) quoted in US Dollars and Cents per gallon. Delivery takes place all 12 calendar months. Settlement is by physical delivery.