Chicago CBOB Down 19cts as Midwest Gasoline Extends Tumble


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) - Chicago CBOB spot basis recorded the largest move down 
in Midwest gasoline Monday (11/2), dropping 19cts to settle at a 27cts gallon 
discount to the December NYMEX RBOB contract.

   The differential for Buckeye Complex CBOB basis dropped 16cts to stand at a 
22cts gallon discount to December RBOB. Wolverine CBOB fell 14cts to a 17cts 
discount. 

   In the Midcontinent, the differential for Group 3 CBOB edged 2.5cts lower to 
a 13cts discount. 

   The physical gasoline spot pullbacks coincided with a substantial retreat in 
benchmark energy futures. NYMEX December RBOB gasoline futures ended down 
$0.2564, or 8.12%, at $2.9001 gallon, off an intraday low of $2.8761 gallon.




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