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
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, firstname.lastname@example.org, http://www.dtn.com
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