West Coast Spot Gasoline Prices Lower in Early Discussion
OAKHURST, N.J. (DTN) --- Spot gasoline in California and the Pacific
Northwest declined in early trade Monday with the loss in New York Mercantile
Exchange RBOB futures. Cash basis values were mixed, sources said.
At last glance, prompt RBOB futures traded 1.84cts lower to $1.7141 gallon
while the July ULSD contract fell 1.55cts to $1.8139 gallon.
July West Texas Intermediate decreased 19cts to $52.32 bbl and the August
Intercontinental Exchange Brent contract fell about 50cts to $61.55 bbl.
Trade sources pegged prompt CARBOB in the basin at a penny futures premium,
up from parity the prior session. With the loss on the print, spot price
declined 0.84cts to $1.7241 gallon.
July CARBOB was bid at a 4cts premium to August RBOB futures, sources said.
In San Francisco, prompt CARBOB was offered 2cts below the print, steady
with the day prior.
Pacific Northwest June suboctane traded at a 3.5cts futures discount,
falling nearly 4cts to $1.6791 gallon,
Dawn Gallagher, 1.732.531.4451, firstname.lastname@example.org, www.dtn.com. (c)
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