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
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, firstname.lastname@example.org, www.dtn.com.
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