PNW Sub Octane Basis Falls 5cts on Softer Market


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- Pacific Northwest sub octane regular gasoline basis 
weakened Tuesday (6/23), falling by 5cts as regional gasoline market sentiment 
softened amid the continued absence of significant refinery disruptions across 
the U.S. West Coast.
The Pacific Northwest sub octane basis was indicated at a discount of 5.5cts to 
July NYMEX RBOB futures, versus  Monday's (6/22) last assessed discount of 
0.5cts.
No major refinery flaring events or unplanned outages have been reported 
recently at key West Coast refining facilities, helping ease supply concerns 
that had supported regional gasoline values in recent months.
Latest inventory data from the U.S. Energy Information Administration shows 
motor gasoline stockpiles in the PADD 5 region climbing by 700,000 bbl to 28 
million bbl during the week ended June 12, adding to the previous week's 
addition of 7.3 million.

   Year-on-year, gasoline stocks in the region were 1.2 million bbl lower. PADD 
5 gasoline imports fell by 13,000 bpd to 96,000 bpd last week and were 73,000 
bpd lower compared with the same week last year.




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