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Nimax Nimex R Bob Contract - What Is It?
The wholesale price on the gulf coast to day, is about two 57 a gallon. The northern california market, the same priceof what fuel they use, is three 25 a gallon. So ther hierarchy of prices in the united states like you start with this nimex price,. That's exactly it. Its nimex arbob is the foundation, and everyone will trade at a premium or a discount to that.