LA and SF CARBOB Regular Basis Sinks Over 20cts


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- Basis for reformulated gasoline California Air Resources 
Board fuel standards tanks Friday in both Los Angeles and San Francisco 
gasoline from where it was last seen trading on the day.
February Los Angeles CARBOB regular basis dropped by 23cts to a 26cts premium 
to March NYMEX RBOB futures after a trade was reported at that level. San 
Francisco CARBOB regular basis dropped in tandem by 25cts to a 40cts premium.

   The sharp declines in gasoline differentials in Los Angeles and San 
Francisco come with ongoing power failures and flaring events at PBF Energy's 
155,000 bpd Torrance refinery.




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