Los Angeles Cash Gasoline Basis Move to October Scheduling
9/23 4:29 PM
Los Angeles Cash Gasoline Basis Move to October Scheduling OAKHURST, N.J. (DTN) --- October pipeline business in Los Angeles moved to the forefront Thursday, ending the session at the top of Thursday's trade range on reports of issues at Marathon's area refinery. A company spokesman said the company does not typically comment on refinery operations while sources said the Marathon 363,000 bpd Los Angeles refinery was forced to shut a reformer and hydrotreater. October CARBOB traded at an 18cts premium to November New York Mercantile Exchange RBOB futures. A day earlier, October CARBOB deals were reported from 12.5cts to 18cts premiums. November CARBOB in the basin was bid at a 7cts premium to December RBOB futures while December CARBOB was bid at penny premium to January RBOB futures. In the San Francisco Bay, October CARBOB was bid at a 25cts premium to the November RBOB contract. Dawn Gallagher, 1.732.531.4451, dawn.gallagher@dtn.com, http://www.dtn.com. (c) Copyright 2021 DTN, LLC. All rights reserved.
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