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Definitions (422)
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Ether
A generic term applied to a group of organic chemical compounds composed of carbon, hydrogen, and oxygen, characterized by an oxygen atom attached to two carbon atoms (e.g. methyl tertiary butyl ether [..]
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New York Mercantile Exchange
Exchange where a number of commodities, including WTI crude, heating oil and unleaded gasoline are traded on a future basis.
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6 to 6
Refers to the time frame that prices are effective for certain suppliers, from 6:00 p.m to 6:00 p.m the following day. This time for price changes differs from the standard 12:00 a.m. to 12:00 a.m. ti [..]
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Account executive
An agent or broker representing a commission house, who generally takes and manages commodities futures and options orders, and often offers advice to trading clients.
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Ad valorem tax
A charge levied on persons or organizations based on the value of a transaction. It is normally a given percentage of the price at the retail or manufacturing stage and is a common form of sales tax; [..]
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Affiliated Marketer
A marketing company that buys and resells gas and is owned either by an interstate pipeline, a local distribution company or a corporation that also owns either an interstate pipeline subsidiary or a [..]
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Alkylate
A refining operation that takes low value derivatives from the cat cracking and other processes and unites them in the presence of an acid catalyst to produce a very high octane, low vapor pressure ga [..]
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Alkylation unit
An oil refining unit in which propylene or butylene reacts with iso-butylene to yield a high octane gasoline blending component called alkylate. Alkylate helps improve the environmental qualities of g [..]
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Allocation Method
The method of limiting the volume of products that can be purchased from a supplier for a variety of reasons such as natural disasters, loss of delivery infrastructure or similar supply disruption.
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Allowance for funds used during construction
A component of construction costs representing the net cost of borrowed funds and a reasonable rate on other funds used during the period of construction. AFUDC is capitalized until the project is pla [..]
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