Energy, Automobile, EV, Renewable News | General Index Launches New US Crude and Refined Products Benchmark Data

General Index Launches New US Crude and Refined Products Benchmark Data

August 8, 2022

General Index, the world’s first technology-driven alternative to historical, high-cost Price Reporting Agencies (PRAs), has unveiled its latest data modules for US services – bringing more targeted solutions and consistency to benchmarks that for many years have only been available through bundled and cost-prohibitive subscriptions.

The latest addition to General Index’s global crude assessment portfolio provides price transparency for key North American markets. The General Index US refined products modules includes benchmark gasoline and distillate prices for the US Gulf Coast, New York Harbor, Chicago, and Group Three markets.

“With the launch of these US crude benchmarks General Index is excited to provide market participants in the US and globally with a legitimate choice in benchmark price data as US crude markets become increasingly influential around the world. Additionally, our expanded coverage of US refined products benchmarks builds access to high-quality, low-cost prices to all gasoline and distillate markets east of the Rockies.” – Anthony Macaluso, Managing Director – Americas, General Index

Crude Oil

General Index US crude prices will be based on an all-day volume-weighted average spanning key grades and locations across the US Gulf coast, Texas, and the midcontinent.

Refined Products

General Index provides benchmarks for gasoline and distillate markets based on market accepted calculations (market close and/or trade day midpoint). With this launch, General Index’s gasoline and distillate coverage will expand into the Chicago and Group 3 markets in addition to prices currently available for the US Gulf coast and New York Harbor.

Price assessments help everyone decide how to utilize the world’s resources, and this release is a significant step in General Index’s mission to bring consistent and compliant access to key data through a combination of market expertise and leading technology – all underpinned by a coded methodology.

The US crude and refined products modules will benefit a range of global audiences such as refiners, oil producers, and traders. Prices are published daily and are made available to General Index clients via a variety of third party platforms, direct data feed, and email.

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