Los Angeles, San Francisco Dec. Cash Gasoline Basis Firm
11/20 4:43 PM
Los Angeles, San Francisco Dec. Cash Gasoline Basis Firm OAKHURST, N.J. (DTN) --- Cash gasoline business in California trade markets today transitioned to the higher Reid Vapor Pressure wintertime fuel, with basis in both markets ending the session a few cents stronger. Sources said December CARBOB in the Los Angeles basin, 14 RVP, was last seen at a 16cts premium to January New York Mercantile Exchange RBOB futures after trades were concluded from 14.75cts to 17cts premiums. With the Thanksgiving holiday abbreviated trade week next week, sources said activity could be extremely light. January CARBOB in L.A. was indexed at a 10.5cts premium to the February RBOB contract while February CARBOB traded at a 21cts premium to March RBOB futures. In the San Francisco Bay, December CARBOB traded from 14.5cts to 18cts premiums to January RBOB futures. A day ago, the fuel was indexed at a penny premium to the basin. Sources said Pacific Northwest November pipeline delivery suboctane traded at a 3cts premium to December RBOB futures, up 1.5cts from the day prior. Dawn Gallagher, 1.732.531.4451, dawn.gallagher@dtn.com, www.dtn.com. (c) Copyright 2020 DTN, LLC. All rights reserved.
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