RBOB Gasoline is the largest single volume refined product sold in the United States and accounts for almost half of national oil consumption. It is a highly diverse market, with hundreds of wholesale distributors and thousands of retail outlets, making it subject to intense competition and price volatility. The NYMEX Division New York harbour unleaded gasoline futures contract and reformulated gasoline blendstock for oxygen blending (RBOB) futures contract trade in units of 42,000 gallons (1,000 barrels). They are based on delivery at petroleum products terminals in the harbour, the major East Coast trading center for imports and domestic shipments from refineries in the New York harbour area or from the Gulf Coast refining centers.
This commodity probably has the biggest effect on the public, as the cost of is reflected directly on how much we pay at the petrol pumps.
The price can be moved by economic and social factors such as outbreak of war and transportation problems.