Los Angeles and SF CARBOB Regular Basis Spike


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- The basis for reformulated gasoline California Air 
Resources Board fuel standards surged Friday(3/20) in both Los Angeles and San 
Francisco gasoline, as late trades were confirmed in the spot market.
Los Angeles CARBOB regular basis increased by 10cts to a 45cts premium to April 
NYMEX RBOB futures after a trade was reported at that level. San Francisco 
CARBOB regular basis followed the rising trend increasing by 9cts to a 60cts 
premium to the same benchmark.

   Motor gasoline inventories in the West Coast region fell by 900,000 bbl to 
27.4 million bbl in the week ending March 13, according to Energy Information 
Administration data released this week. Stocks were also down by 1.5 million 
bbl compared to the same week last year. Gasoline imports in the region fell by 
16,000 bpd to 173,000 bpd but were higher by 82,000 bpd versus the same week 
last year.

    




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