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, firstname.lastname@example.org, http://www.dtn.com
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