DTN maintains contact throughout the day with refiners, traders, marketers and brokers in each respective region for transactions closed in various open markets. Our experienced staff uses that expert input to update the DTN Spot Ticker cash differential with the bid/ask and actual deals transacted in the market.
Spot prices are for prompt delivery based on the following for each market:
- New York Harbor spot prices are primarily based on prompt barge, in-position for Buckeye Pipeline injection or delivered by Colonial Pipeline. Spot prices are primarily FOB basis barge.
- Gulf Coast spot prices are primarily based on prompt cycle Colonial Pipeline trading.
- Group 3 spot prices are primarily based on prompt cycle business on the Magellan Pipeline.
- Chicago spot prices are based on prompt cycle business on several regional pipelines, primarily the Explorer Pipeline.
- Los Angeles and San Francisco spot prices are primarily based on prompt cycle business on the Kinder Morgan Energy Pipeline.
- Pacific Northwest values are primarily based on Portland, Oregon, spot prices for prompt delivery on the Olympic Pipeline system.