LA CARBOB Regular Basis Surges by 6cts on High Demand


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- Basis for reformulated gasoline California Air Resources 
Board fuel standards rallied Thursday (4/23) in Los Angeles from where it was 
last seen trading on Wednesday (4/22).

   Prompt Los Angeles CARBOB regular basis climbed by 6cts to a 66cts premium 
to May NYMEX RBOB futures after a trade was confirmed at that level. Los 
Angeles CARBOB premium basis spiked in tandem by 6cts to an 86cts premium.

   Refinery utilization in the West Coast slipped to 77% from 82.5% in the week 
ending April 17, according to EIA data.




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