Unleaded - pit vs emNY?

Whatsup with the prices here today? Pit is trading at 2.047 while the emNY is at 2.216 - "makes no sense Scottie".

July contract on both.

 

try to sell the higher one and buy the lower one.

 

Clearly I am missing a part fo my brain here.

The New York Harbor Unleaded pit contract is consistently trading at a different price than the mini and the new electronic full size.

Compare HU for say July and RT and QU.

What's going on?

Any help appreciated.

Thanks.

 

the miny is RBOB. The regular new york harbour is no longer available in the miny.
The reason u dont see any volume right now in the miny is because there is not much volume in the big RBOB.
I guess u just have to wait till all the fund do the conversion to the new contract later on this year

 

I'd stay away from the mini RBOB until HU is no longer, not enough transparency. RBOB liquidity is slightly better in the OTC market but still far from liquid, most of the big commercials won't be making the transition until the banks and funds improve the liquidity.