PNW Sub-Octane Regular Basis Spikes 10cts on Firm Demand


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- Basis for prompt Pacific Northwest sub-octane regular 
surged by 10.5cts on Wednesday (2/11) to a 25.5cts premium over March NYMEX 
RBOB futures, on the back of firm demand.

   Early Wednesday, bids for PNW sub-octane regular were heard talked at a 
25cts premium to the same benchmark, showing an increase in buying interest 
across the region caused by supply tightness. 

   The basis had been pegged at a 15.5cts premium to March NYMEX RBOB futures 
contract in the previous trading session according to DTN.

   Refining utilization in the West Coast (PADD 5) dropped to 82.4% in the week 
ending February 6 from 83.2% the prior week, according to most recent data from 
Energy Information Administration. 




(c) Copyright 2026 DTN, LLC. All rights reserved.