Houston CBOB Basis Strengthens before Scheduling Deadline


   
   CRANBURY, N.J. (DTN) -- Basis for CBOB at the Houston origination point for 
the Colonial Pipeline in the Gulf Coast spot market strengthened a sharp 275 
points to a 30.25cts discount to June RBOB futures on the New York Mercantile 
Exchange Tuesday ahead of a scheduling deadline for cycle 25.

   RBOB basis was unchanged at a 10.75cts discount to the June futures 
contract, and conventional regular strengthened 25 points to an 18.5cts 
discount to the screen.

   Gasoline inventory in PADD 3 totaled 84.441 million bbl on April 12, 
according to the latest data from the Energy information Administration, 
294,000 bbl less than during the same week in 2023.

    

    

   Brian L. Milne, 1.732.768.0260, brian.milne@dtn.com, www.dtn.com.




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