Overview

Argus US Products is a daily price report delivering independent benchmark price assessments, market news and analysis for US refined petroleum products. It covers gasoline, diesel, jet fuel, fuel oil, naphtha, vacuum gasoil and blending components across all key US trading locations, including New York Harbor, the Colonial pipeline, Group Three, Chicago and the US west coast, as well as delivered Latin American markets.

At a glance

  • Benchmark prices for all key US petroleum products published daily.
  • Coverage across New York Harbor, Colonial pipeline, midcontinent and west coast.
  • Prices available by 3:15pm CST for end-of-day invoicing and settlement.
  • Real-time intraday pricing via Argus Spot Ticker.
  • Twenty years of historical price and fundamentals data.
  • Market-moving news from dedicated, on-the-ground reporters.

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How Argus assesses US products

  • Market-reflective approach
    Argus develops methodologies to reflect how the market trades, producing price assessments that are reliable, undistorted indicators of spot market value.

  • Trading day definition
    The trading day is defined as the period when a fair number of willing buyers and sellers are active, varying by region and kept under continuous review.

  • Broad market survey
    Assessments are informed by data from producers, consumers and intermediaries, gathered by telephone, email, Argus Open Markets® and electronic trading platforms.

  • Transaction verification
    Reporters analyse submitted data — prices, volumes, specifications and counterparties — applying rigorous tests to identify and exclude anomalous transactions.

  • Volume-weighted averages
    Where applicable, Argus calculates volume-weighted averages across the full trading day, drawing on the broadest pool of spot market liquidity.
Argus Scrap market assessment process: define, gather data, verify, assess value, publish prices

Who uses this service

Argus US Products is relied on by organisations across the US energy sector with direct exposure to refined product prices, from trading desks to finance teams.

Traders

  • Benchmark trade and contract negotiations using accurate, impartial price references.
  • Identify arbitrage opportunities across New York Harbor, the Gulf coast and midcontinent markets.
  • Access real-time intraday pricing to respond immediately to market movements.

Refiners

  • Track refined product prices to optimise output decisions and maximise margins.
  • Monitor crack spreads and feedstock costs across key US hub markets.
  • Use historical data to support medium and long-term production planning.

Analysts and risk managers

  • Analyse current market conditions and model potential future price scenarios.
  • Use 20 years of historical data to identify trends and assess market risk.
  • Support risk frameworks with reliable, methodology-backed price assessments.

Finance officers

  • Evaluate risk exposure across US petroleum product markets.
  • Use trusted price benchmarks to support contract pricing and financial reporting.
  • Inform investment strategies with comprehensive, market-reflective data.

Key price assessments

Argus US Products price assessments are recognised across the industry as accurate and reliable indicators of real spot market value, used for trade benchmarking, contract pricing and risk management across all key US petroleum product markets.