A generic term applied to a group of organic chemical compounds composed of carbon, hydrogen, and oxygen, characterized by an oxygen atom attached to two carbon atoms (e.g. methyl tertiary butyl ether [..]

Exchange where a number of commodities, including WTI crude, heating oil and unleaded gasoline are traded on a future basis.

An average that appears in the OPIS weekly newsletter that includes closing averages for the prior Friday, Monday, Tuesday, Wednesday, and Thursday (except on certain holiday weeks). 5-day newsletter [..]

Refers to the time frame that prices are effective for certain suppliers, from 6:00 p.m to 6:00 p.m the following day. This time for price changes differs from the standard 12:00 a.m. to 12:00 a.m. ti [..]

A FERC rule that allows producers and their pipeline purchasers with pre-granted "blanket" authority to abandon sales when the contract has expired or has been mutually renegotiated. It also [..]

An agent or broker representing a commission house, who generally takes and manages commodities futures and options orders, and often offers advice to trading clients.

A charge levied on persons or organizations based on the value of a transaction. It is normally a given percentage of the price at the retail or manufacturing stage and is a common form of sales tax; [..]

A marketing company that buys and resells gas and is owned either by an interstate pipeline, a local distribution company or a corporation that also owns either an interstate pipeline subsidiary or a [..]

Family name of a group of organic chemical compounds composed of carbon, hydrogen and oxygen. Examples are methanol, ethanol and tertiary butyl alcohol. Alcohol and alcohol blends are added to gasolin [..]

A refining operation that takes low value derivatives from the cat cracking and other processes and unites them in the presence of an acid catalyst to produce a very high octane, low vapor pressure ga [..]