PNW Sub-Octane Regular & Premium Basis Drop 10cts


   
Kristina Davis
DTN Refined Fuels Market Reporter

   PNW Sub-Octane Regular & Premium Basis Drop 10cts

   
MIAMI, FL (DTN) -- December Pacific Northwest sub-octane regular and premium 
basis both tumbled by 15cts on Tuesday (11/2) hitting a one-year low driven by 
lower offers and weak demand.

   Offers for December PNW sub-octane regular were reported at minus 10cts, 
moving the basis to a 10.5cts discount to January NYMEX RBOB futures. This was 
the lowest since December 23, 2024 when it was at minus 9.5ct.

   Offers for PNW sub-octane premium were reported at plus 20cts, moving the 
basis to a 19.5cts premium over December NYMEX RBOB futures. Lowest since 
November 17 2025, when PNW sub-octane premium were at a 15.5ct premium to 
December futures.

   Confirmation of trades done at those levels were not available at the time 
of publication.
Market sources said the declines reflect typical winter season demand softness 
across the Pacific Northwest rack and spot markets.

    

    




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