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Los Angeles Cash Jet Fuel Basis Weaken in Early Discussion
12/02 11:31 AM
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/