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<blockquote data-quote="jack.diamond" data-source="post: 343347" data-attributes="member: 4708"><p>There is a little bit of difference in commodities. These contracts expire at the end of the month. If you buy a gasoline contract for April which is the current contract month at present, you are expected to take delivery of same. And you can purchase contracts further out in the year. However, the current pump price of gasoline is based on the current month's contract price, not the price of a contract for June or July.</p><p></p><p>Jack</p></blockquote><p></p>
[QUOTE="jack.diamond, post: 343347, member: 4708"] There is a little bit of difference in commodities. These contracts expire at the end of the month. If you buy a gasoline contract for April which is the current contract month at present, you are expected to take delivery of same. And you can purchase contracts further out in the year. However, the current pump price of gasoline is based on the current month's contract price, not the price of a contract for June or July. Jack [/QUOTE]
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