West Coast Spot Gasoline Prices Post Futures-related Gains
6/14 12:44 PM
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.
 
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