Los Angeles Cash Gasoline Basis Firms 3cts on Session
OAKHURST, N.J. (DTN) --- Cash gasoline basis in the Los Angeles basin
continued to strengthen Wednesday afternoon, gaining nearly a dime in the past
two trading sessions.
Sources said October CARBOB traded a few times at 10cts premiums to November
New York Mercantile Exchange RBOB futures with a deal last at a 12cts premium.
On Tuesday, the fuel was indexed late day at a 9cts premium.
Sources reported two units, one said to be a reformer, in restart at
Chevron's El Segundo refinery following a power disruption the day prior.
November CARBOB in the basin was bid at a 6cts premium to December RBOB
futures. A day ago, deals were reported at 5cts premiums.
In diesel trade, October CARB ULSD was bid at a 4.5cts discount to November
ULSD futures after trading there. The state mandated ULSD was offered at a
penny futures discount. October ULSD for export out-of-state was assessed at a
1.5cts futures discount.
Dawn Gallagher, 1.732.531.4451, firstname.lastname@example.org, http://www.dtn.com
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