Los Angeles Cash Jet Fuel Basis Weaken in Early Discussion

    

   OAKHURST, N.J. (DTN) --- Cash jet fuel basis in the Los Angeles basin 
continued weaker in early trade Monday while diesel basis were also lower on 
the session.

   Sources pegged December LAX pipeline jet fuel at a 10cts premium to January 
ULSD futures, down 3cts from the pre-Thanksgiving level. A deal for cycle 3,4 
specific delivery was reported at a 4cts futures premium.

   December CARB ULSD in the L.A. basin was indexed at a 2.5cts futures premium 
while prompt ULSD maintained parity to the state mandated fuel.

   In San Francisco, December jet fuel was indexed flat to the basin and 
December CARB ULSD was reported on offer at a 2cts futures discount.

   Dawn Gallagher, 1.732.531.4451, , http://www.dtn.com/