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.




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