USWC Gasoline Basis Mixed Despite Ample Stocks


   
Miguel E. Andujar
DTN Refined Fuels Market Reporter

   DAVENPORT, FL (DTN) -- West Coast gasoline basis traded mixed Thursday 
(8/6), with Portland sub-octane weakening while Los Angeles CARBOB strengthened 
following California inventory data released earlier in the day.

   Portland suboctane basis was assessed at a 4cts discount to September NYMEX 
RBOB futures, weakening 9.50cts from the previous session. San Francisco CARBOB 
regular eased 1 cent to a 26cts premium, while Los Angeles CARBOB regular 
strengthened 8cts to a 28cts premium against the same benchmark, according to 
DTN Energy data.

   Earlier Thursday, the California Energy Commission reported statewide 
gasoline inventories increased by 732,000 bbl to 9.726 million bbl during the 
week ended July 31, while production climbed by 626,000 bbl to 5.750 million 
bbl.

    




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