Should I choose NYMEX or National Average Retail Price (NARP) index as my Price Protection benchmark?
Both of these published benchmarks are transparent, verifiable, and can be trusted. We provide you with historical data for either index to show past trends. a) We recommend NYMEX because it is an index settled and published daily by the New York Mercantile Exchange. NYMEX represents the New York Harbor fuel price and is the core moving part of volatile fuel prices. NYMEX excludes all taxes and is therefore a lower number than you are used to seeing at the pump. The daily NYMEX price index may found at the following links: Gasoline (Symbol RBOB) http://www.cmegroup.com/trading/energy/refined-products/rbob-gasoline_quotes_settlements_futures.html Diesel, Marine Fuel, Jet/Aviation Fuel (Symbol HO) http://www.cmegroup.com/trading/energy/refined-products/heating-oil_quotes_settlements_futures.html b) National Average Retail Price Index (NARP) is usually published every Monday by the U.S. Department of Energy. NARP is based on a survey of gas stations across the United States, which is used
