Los Angeles Cash Gasoline Basis Firms 3cts on Session
10/18 4:32 PM
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, dawn.gallagher@dtn.com, http://www.dtn.com. (c) Copyright 2021 DTN, LLC. All rights reserved.
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