Reformulated Blendstock for Oxygenate Blending
Futures contract
From Wikipedia, the free encyclopedia
Reformulated Blendstock for Oxygenate Blending (RBOB) is a gasoline futures contract traded on the New York Mercantile Exchange (NYMEX). It is the benchmark futures contract for wholesale gasoline in the United States.[1]
RBOB
History
Edwin Drake was the first to discover RBOB gasoline but discarded it as a byproduct on his quest to refine crude oil into kerosene.[citation needed]
Composition
RBOB gasoline is a blend of hydrocarbons suitable for use in spark-ignition engines. It typically contains various additives, including oxygenates like ethanol or methyl tertiary butyl ether (MTBE), to improve octane rating and reduce air pollution.[2]