Los Angeles, Pacific Northwest Cash Gasoline Basis Sink
9/27 4:38 PM
Los Angeles, Pacific Northwest Cash Gasoline Basis Sink OAKHURST, N.J. (DTN) --- West Coast cash gasoline basis tumbled Wednesday, sinking more than a dime in Los Angeles and the Pacific Northwest in thin afternoon trade. October CARBOB in the L.A. basin was last pegged at $1.745 gallon premium to November New York Mercantile Exchange RBOB futures. Earlier, the fuel was offered as high as $2.25 premium and was pegged on Tuesday at a $1.87 premium. In San Francisco, October CARBOB was talked at $1.59 gallon over the MERC, down from a $1.65 gallon futures premium on Tuesday. Sources said prompt suboctane in the Pacific Northwest traded at a 96cts premium to November RBOB futures, down from $1.065 gallon a day ago. Dawn Gallagher, 1.732.531.4451, dawn.gallagher@dtn.com, http://www.dtn.com. (c) Copyright 2023 DTN, LLC. All rights reserved.
 
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