US Cash Products-Gulf Coast conventional gasoline falls on pipeline cycle change

NEW YORK, Jan 20 (Reuters) - Cash differentials for conventional gasoline blendstock fell in the U.S. Gulf Coast on Tuesday after trading rolled over to the seventh annual cycle of product deliveries to New York Harbor on the Colonial Pipeline, traders said. Colonial Pipeline’s seventh cycle will deliver products starting next month, so the price differentials will reference the March gasoline and diesel futures contracts (RBc2) (HOc2) , which will replace the February contracts as benchmarks at that time. On accounting for the spread between February and March contracts, U.S. Gulf Coast M4 conventional gasoline (RU-DIFF-USG) fell 2 cents to 3 cents below futures, market participants said. A4 CBOB gasoline (CBOB-DIFF-USG) rose 1.5 cents to 10.5 cents below futures, they said. Similarly, Gulf Coast 62-grade ULSD (ULSD-DIFF-USG) gained 1.10 cents to 7.5 cents below futures. In Chicago, CBOB gasoline (CBOB-DIFF-MC) fell half a cent to 18 cents below benchmark February gasoline futures (RBc1) , traders said. Chicago ULSD (ULSD-DIFF-MC) gained 1.5 cents to 31 cents below benchmark ULSD futures (HOc1) . Elsewhere in the Midwest, Group 3 V-grade gasoline (RUV-DIFF-G3) fell three quarters of a cent to 15.5 cents lower than the benchmark, and Group 3 diesel (ULSD-DIFF-G3) fell 5.5 cents to 25 cents below the benchmark. Benchmark gasoline futures rose 3.86 cents to settle at $1.8238 a gallon, and benchmark ULSD futures rose 10.09 cents to settle at $2.3385. Renewable fuel (D6) credits (RIN-D6-US) for 2026 were unchanged at around $1.17 each, traders said. Biomass-based (D4) credits (RIN-D4-US) for 2026 were also the same as before at around $1.24 each, traders said. Latest day Timing NYMEX Contract Bid Offer Change U.S. GULF COAST #P-USG, PPIM * Scheduling A4 CBOB gasoline (CBOB-DIFF-USG) Cycle 7 March RBOB -10.75 -10.25 1.50 M4 conventional gasoline (RU-DIFF-USG) Cycle 7 March RBOB -3.25 -2.75 -2.00 62-grade ULSD (ULSD-DIFF-USG) Cycle 7 March HO -7.75 -7.25 1.10 54-grade jet fuel (JET-DIFF-USG) Cycle 7 March HO -16.25 -15.75 -0.00 Heating oil (HO-DIFF-USG) Cycle 7 March HO -16.00 -15.00 -0.00 NEW YORK HARBOR #P-NYH, PPIL Bid Offer Change M4 conventional gasoline (RU-DIFF-NYH) Prompt February RBOB 0.50 1.00 -0.00 F4 RBOB (RBOB-DIFF-NYH) Prompt February RBOB -1.50 -1.00 -0.00 ULSD (ULSD-DIFF-NYH) Prompt February HO 4.75 5.25 -0.00 Heating oil (HO-DIFF-NYH) Prompt February HO -10.25 -9.25 -0.00 Jet fuel (JET-DIFF-NYH) Prompt February HO -15.25 -14.75 -0.00 MIDWEST (0#P-G3) , (0#P-MC) , (IHPROD/MIDCO) Bid Offer Change Chicago CBOB gasoline (CBOB-DIFF-MC) Cycle 3 February RBOB -18.25 -17.75 -0.50 Chicago ULSD (ULSD-DIFF-MC) Cycle 3 February HO -31.25 -30.75 1.50 Group Three gasoline (RUV-DIFF-G3) February RBOB -15.75 -15.25 -0.75 Group Three ULSD (ULSD-DIFF-G3) February HO -25.25 -24.75 -5.50