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
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
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, email@example.com, www.dtn.com. (c)
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