SF CARBOB Regular Basis Plummeted 27cts Amid Low Demand


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- The basis for reformulated gasoline California Air 
Resources Board fuel standards retreated Thursday (3/12) in Los Angeles from 
levels seen in the previous trading session, amid low demand and as RBOB 
futures prices soared due to the escalation of the Iran war.

   Meanwhile, prompt San Francisco CARBOB regular basis dropped by 27cts to a 
45cts premium to April NYMEX RBOB futures after a trade was confirmed at that 
level. San Francisco CARBOB premium basis slipped in tandem by 27cts to a 65cts 
premium.

   West Coast gasoline prices remained under pressure as regional inventories 
fell by 400,000 bbl to 28.3 million bbl in the week ended March 6, though they 
were 300,000 bbl higher compared to the same week last year. Gasoline imports 
in the region amounted to 189,000 bpd in the reference week compared to 22,000 
bpd last week, but higher by 102,000 bpd in the same week of the prior year.

   Refinery utilization in PADD 5 rose to 83.8% last week compared to 79.6% the 
previous week, EIA data showed.




(c) Copyright 2026 DTN, LLC. All rights reserved.