Copyright DTN.
All rights reserved. Disclaimer.
West Coast Spot Gasoline, Diesel Prices End Session Mixed
5/22 4:59 PM
West Coast Spot Gasoline, Diesel Prices End Session Mixed OAKHURST, N.J. (DTN) --- Spot gasoline prices along the West Coast edged lower Monday afternoon in lackluster trade as weaker basis offset higher New York Mercantile Exchange RBOB futures. Spot diesel prices rose across the region as mixed basis met with another upside session for ULSD futures. Benchmark oil futures rose as the Organization of Petroleum Exporting Countries and non-members meeting this Thursday are expected to ratify a deal extending their pledged output cuts through March 2018. NYMEX June West Texas Intermediate crude oil futures expired up 40cts at $50.73 bbl and the July contract settled 46cts higher at $51.13 bbl. June RBOB futures rose 1.03cts to settle at $1.6626 gallon while the July contract settled 1.05cts higher at $1.6583 gallon. June ULSD futures settled 1.94cts higher at $1.6021 gallon and the July contract settled nearly 2cts higher at $1.6082 gallon. Sources pegged prompt CARBOB in Los Angeles at 16.0cts by 24.0cts bid/ask over the MERC versus assessments at 24.0cts the prior session. Spot price fell nearly 3cts to $1.8626 gallon. June CARBOB was bid 16.0cts over the July RBOB contract while July CARBOB was talked 9.0cts over August RBOB futures. In San Francisco, prompt CARBOB was offered 47.5cts over the print versus an assessed value at that level the prior session. Spot price dipped 0.22cts to $2.1251 gallon. Pacific Northwest prompt suboctane was bid at a 9.0cts futures premium, down nearly 1.5cts at $1.7626 gallon. Sources pegged prompt ULSD in the Pacific Northwest at a 12.5ct futures premium, up almost 2cts at $1.7271 gallon. In the Bay, May CARB ULSD was talked 6.25cts over the print, up 1.69cts at $1.6646 gallon. June CARB ULSD in the basin was talked 4.0cts over the July ULSD futures, nearly a penny higher at $1.6482 gallon. Dawn Gallagher, 1.732.531.4451,, (c) 2017 Schneider Electric. All rights reserved.