California, Pacific Northwest Cash Products Basis Mixed
11/27 2:49 PM
California, Pacific Northwest Cash Products Basis Mixed OAKHURST, N.J. (DTN) --- Cash refined products basis in California and Pacific Northwest moved mixed at the start of the new trade week. In Los Angeles, December CARBOB moved to prompt pipeline business, trading at 20cts premium to January New York Mercantile Exchange RBOB futures. The fuel was bid at a 17cts premium in the prior session. San Francisco Bay December CARBOB traded at 14cts, 13cts and 10cts futures premiums, down 4cts. Sources said Pacific Northwest December suboctane traded at parity with the January RBOB contract while December ULSD was talked at an 11cts futures discount. Bay area December CARB ULSD moved to the forefront of trade, with a deal reported at a 28cts futures discount. December ULSD for export out-of-state was indexed at a 1cts discount to the state mandated fuel. December CARB ULSD in the basin was valued at a 14cts futures premium with the for-export blend talked at a 13cts futures premium. December L.A. jet traded at an 85cts futures premium, with the Bay talked at parity to the basin and the Pacific Northwest indexed at a 17cts regrade to the California markets. Dawn Gallagher, 1.732.531.4451,, (c) Copyright 2023 DTN, LLC. All rights reserved.
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