San Francisco CARBOB Falls 5.75cts on Softer Trade


   
Kristina Davis
DTN Refined Fuels Market Reporter

   San Francisco CARBOB Falls 5.75cts on Softer Trade
MIAMI, FL (DTN) -- San Francisco CARBOB gasoline basis weakened Wednesday 
(7/8), extending recent softness in the West Coast gasoline market as spot 
values eased.
San Francisco CARBOB basis declined by 5.75cts gallon following a trade cited 
by market participants at a 29cts premium to August NYMEX RBOB futures. The 
trade compared with the prior assessment at a 34.75cts premium.
Despite the latest decline, West Coast gasoline markets continue to be 
influenced by refinery operations, regional supply conditions and inventory 
trends, with traders closely monitoring developments across California's 
refining system.
Motor gasoline inventories in the PADD 5 region slipped by 300,000 bbl to 28.9 
million bbl during the week ended July 4, ending a four week streak of 
inventory increases, the U.S. Energy Information Administration's Weekly 
Petroleum Status Report showed. Gasoline stocks were 1.5 million bbl lower than 
the same week last year.
PADD 5 gasoline imports fell by 60,000 bpd to 105,000 bpd during the profile 
week and were 7,000 bpd lower than the same week last year.




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