SF CARBOB Regular Basis Sinks by 9cts to April Pipeline Cycle


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- San Francisco CARBOB gasoline basis dipped on Wednesday 
(2/25) as the product transitioned to April pipeline timing and despite 
inventory levels recorded a draw last week. 
March San Francisco CARBOB regular basis dropped by 9cts to a 26cts premium to 
April NYMEX RBOB futures after a trade was reported at that level. San 
Francisco CARBOB premium basis dropped in tandem by 9cts to a 49cts premium.

   Motor gasoline stocks in PADD 5 fell for a third consecutive week by 500,000 
bbl to 29.8 million bbl in the week ending February 20. Gasoline inventories 
were at 29.4 million bbl in the same week last year. Gasoline imports climbed 
by 45,000 bpd to 168,000 bpd, but they were lower at 132,000 bpd the same week 
last year.




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