LA CARBOB Basis Rises 6cts on Supply Shortage


   
Kristina Davis
DTN Refined Fuels Market Reporter

   
MIAMI, FL (DTN) -- Prompt Los Angeles CARBOB regular basis strengthened 
Thursday (5/28) following Energy Information Administration (EIA) data showing 
declining motor gasoline stocks and imports in the US West Coast region. 

Multiple trades were reported during the day, with the highest Los Angeles 
CARBOB regular basis trading at a 48cts premium to July NYMEX RBOB futures, up 
by 6cts from the prior session, U.S.  West Coast gasoline traders said.

Motor gasoline inventories in the PADD 5 region fell for the third consecutive 
week, declining 1 million bbl to 26.9 million bbl during the week ended May 22, 
after falling the prior week, according to EIA data.




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