Pacific Northwest Cash Gasoline Basis, Prices DN on Session
OAKHURST, N.J. (DTN) --- Cash gasoline basis in the Pacific Northwest
weakened in dull market discussion Thursday, offsetting a gain by New York
Mercantile Exchange RBOB futures to press the spot price down on the session.
Pacific Northwest prompt suboctane was indexed 6.0cts by 18.0cts over the
MERC versus 15.0cts premiums the prior session. Spot price fell 1.35cts to
Trade sources pegged April CARBOB in the San Francisco Bay at a 14.0cts
futures premium while prompt CARBOB in the Los Angeles basin was indexed at a
4.0cts premium after early talk at 3.0cts by 9.0cts futures premiums.
May CARBOB in the basin was pegged 4.5cts by 8.0cts over June RBOB futures
while June CARBOB was assessed 3.0cts by 8.0cts over the July RBOB contract.
July CARBOB was reported at a 5.0cts premium to August RBOB futures.
On the diesel side of discussion, May CARB ULSD in L.A. was valued at a
5.0cts premium to June ULSD futures. Spot price dipped 0.23cts to $1.6357
gallon. Prompt ULSD for export out-of-state was assessed at a 0.5cts discount
to the state mandated blend.
June CARB ULSD in the basin was assessed 5.0cts over July ULSD futures,
Bay area prompt CARB ULSD was talked 2.0cts by 4.0cts over the print, down
0.24cts to $1.6089 gallon.
Pacific Northwest April ULSD was assessed at a 10.5cts premium to May ULSD
futures, up 0.76cts to $1.6839 gallon.
In paper trade, NYMEX May ULSD futures declined 0.24cts to settle at $1.5789
gallon and the June contract settled down 0.35cts at $1.5857 gallon. May RBOB
futures rose 1.15cts to $1.6705 gallon settlement and June futures settled up
0.79cts at $1.6713 gallon.
NYMEX May West Texas Intermediate crude oil futures expired 17cts lower at
$50.27 bbl while the June contract settled down 14cts at $50.71 bbl. The June
IntercontinentalExchange Brent contract settled 6cts higher at $52.99 bbl.
Dawn Gallagher, 1.732.531.4451, email@example.com,
www.schneider-electric.com. (c) 2017 Schneider Electric. All rights reserved.