ENERGY CONTRACTS

Crude oil | Gasoline | Heating Oil | Natural Gas

Gasoline Contracts | Overview | Quote-board

FUTURES

OPTIONS

Trading Unit 42,000 U.S. gallons (1,000 barrels). Price Quotation U.S. dollars and cents per gallon. Trading Hours (All times are New York time) Open outcry trading is conducted from 10:05 AM until 2:30 PM. After-hours futures trading is conducted via the NYMEX ACCESS® internet-based trading platform beginning at 3:15 PM on Mondays through Thursdays and concluding at 9:30 AM the following day. On Sundays, the session begins at 7:00 PM. Trading Months Twelve (12) consecutive months. Minimum Price Fluctuation $0.0001 (0.01¢) per gallon ($4.20 per contract). Maximum Daily Price Fluctuation $0.25 per gallon ($10,500 per contract) for all months. If any contract is traded, bid, or offered at the limit for five minutes, trading is halted for five minutes. When trading resumes, the limit is expanded by $0.25 per gallon in either direction. If another halt were triggered, the market would continue to be expanded by $0.25 per gallon in either direction after each successive five-minute trading halt. There will be no maximum price fluctuation limits during any one trading session. Last Trading Day Trading terminates at the close of business on the last business day of the month preceding the delivery month. Settlement Type Physical. Delivery F.O.B. seller's facility in New York harbor ex-shore. All duties, entitlements, taxes, fees, and other charges paid. Requirements for seller's shore facility: capability to deliver into barges. Delivery may also be completed by pipeline, tanker, book transfer, or inter- or intra-facility transfer. Delivery must be made in accordance with applicable federal, state, and local licensing and tax laws. Delivery shall comply with all state laws related to oxygen content. Delivery Period Deliveries may only be initiated the day after the fifth business day and must be completed before the last business day of the delivery month. Alternate Delivery Procedure (ADP) An alternate delivery procedure is available to buyers and sellers who have been matched by the Exchange subsequent to the termination of trading in the spot month contract. If buyer and seller agree to consummate delivery under terms different from those prescribed in the contract specifications, they may proceed on that basis after submitting a notice of their intention to the Exchange. Exchange of Futures for Physicals (EFP) The commercial buyer or seller may exchange a futures position for a physical position of equal quantity by submitting a notice to the Exchange. EFPs may be used to either initiate or liquidate a futures position. Position Accountability Levels and Limits Any one month/all months: 7,000 net futures, but not to exceed 1,000 in the last three days of trading in the spot month. Grade and Quality Specifications Generally conforms to industry standards for Phase II Complex Model Reformulated Gasoline in accordance with Colonial Pipeline Co. specifications for fungible A grade, 87 octane index gasoline. Month RVP VOC Reduction January 15.0 max N/A February 15.0 max N/A March 13.5 max N/A April N/A 23.4 min May N/A 23.4 min June N/A 23.4 min July N/A 23.4 min August N/A 23.4 min September 1-15 N/A 23.4 min September 16-30 13.5 max N/A October 13.5 max N/A November 15.0 max N/A December 15.0 max N/A Margin Requirements Margins are required for open futures positions. Trading Symbol HU

Trading Unit One NYMEX Division New York harbor gasoline futures contract. Price Quotation U.S. dollars and cents per gallon. Trading Hours (All times are New York time) Open outcry trading is conducted from 10:05 AM until 2:30 PM. Trading Months Twelve (12) consecutive months. Minimum Price Fluctuation $0.0001 (0.01¢) per gallon ($4.20 per contract). Maximum Daily Price Fluctuation No price limits. Last Trading Day Expiration occurs three business days before the underlying futures contract. Exercise of Options By a clearing member to the Exchange clearinghouse not later than 5:30 PM or 45 minutes after the underlying futures settlement price is posted, whichever is later, on any day up to and including the options expiration. Strike Prices Twenty strike prices in $0.01 (1¢) per gallon increments above and below the at-the-money strike price, and the next 10 strike prices in $0.05 (5¢) increments above the highest and below the lowest existing strike prices for a total of at least 61 strike prices. The at-the-money strike price is the nearest to the previous day's close of the underlying futures contract. Strike price boundaries are adjusted according to the futures price movements. Margin Requirements Margins are required for open short options positions. The margin requirement for an options purchaser will never exceed the premium paid. Trading Symbol GO

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