West Coast Spot Gasoline Prices Post Futures-related Gains

    

   OAKHURST, N.J. (DTN) --- Spot gasoline prices in California and Pacific 
Northwest markets gained in dull activity early Friday, up with another move 
higher by New York Mercantile Exchange RBOB futures.

   At 1:10 PM ET, July RBOB futures traded 1.8cts higher at $1.7379 gallon 
while nearby delivery month ULSD futures rallied 2.9cts to $1.8356 gallon. 

   July West Texas Intermediate futures traded 45cts higher at $52.73 bbl and 
the August Intercontinental Exchange Brent contract traded up 79cts at $62.10 
bbl.

   In physical trade, June CARBOB in the Los Angeles basin was bid 3cts below 
the MERC with offers at futures parity. Spot price gained 1.3cts to $1.7229 
gallon.

   July CARBOB in the basin was offered at 6cts premium to August RBOB futures 
with bids at 2cts premiums. A day ago, the fuel traded down to a 2cts premium.

   San Francisco Bay June CARBOB was indexed at a 3cts futures discount, up 
1.3cts to $1.7079 gallon.

   Pacific Northwest prompt suboctane was indexed at a 1.5cts futures discount, 
up 1.3cts to $1.7299 gallon.

   Dawn Gallagher, 1.732.531.4451, dawn.gallagher@dtn.com, www.dtn.com. (c) 
2019 DTN. All rights reserved.