Highlights NYMEX August RBOB drops 14.32 cents/gal to $2.1104/gal on OPEC news Gasoline trading activity slows on NYMEX RBOB volatility US gasoline outright prices dipped to seasonal lows July 19 as the front-month NYMEX RBOB futures contract fell 14.32 cents/gal on news of OPEC+ raising production limits . The NYMEX August RBOB futures contract settled 14.32 cents/gal lower day on day at $2.1104/gal. Gulf Coast benchmark conventional unleaded (M2) fell 50 points NYMEX August RBOB minus 6.25 cents/gal. As a flat price, M2 fell 14.82 cents/gal to $2.0479/gal, its lowest level since May 28 when it was assessed at $2.0319/gal. Market sources noted a slowing in trading activity as participants sought to wait out the volatility in the front-month NYMEX RBOB futures contract. One trader said the fall was not unexpected, given the recent bullishness […]