PNW Sub-Octane Regular Basis Jumps over 5cts on Tight Supplies


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- Basis for prompt Pacific Northwest sub-octane regular 
surged by 7cts on Thursday (2/12) to a 32.5cts premium over March NYMEX RBOB 
futures, driven by limited supplies and firm demand. 

   A bid for PNW sub-octane regular was heard at a 32cts premium to the same 
benchmark. The basis was pegged at a 25.5cts premium to March NYMEX RBOB 
futures contract in the previous trading session.

   West Coast (PADD 5) gasoline inventories slightly rose by 400,000 bbl to 
30.4 million bbl in the week ending February 6, after three consecutive weekly 
withdrawals, according to most recent data from the Energy Information 
Administration. 

   Refining utilization in PADD 5 dropped to 82.4% in the same period from 
83.2% the prior week, the EIA data showed. 




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