PNW Sub-Octane Premium Basis Jumps 9cts on Tight Supplies


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- Basis for prompt Pacific Northwest sub-octane regular 
spiked by 9cts on Friday (3/6) to a 20.5cts premium over April NYMEX RBOB 
futures, driven by limited supplies and firm demand. 

   A bid for PNW sub-octane premium was heard offered at a 20cts premium to the 
same benchmark. The basis was pegged at a 11.5cts premium to April NYMEX RBOB 
futures contract in the previous trading session.

   PADD 5 gasoline inventories slipped by 1.1 million bbl to 28.7 million bbl 
in the week ending February 27, below the 28.8 million bbl reported in the same 
week last yearr, the lowest level since the week ended December 05, 2025, when 
stocks were reported at 28.4 million bbl. Gasoline imports dropped to 22,000 
bpd from 168,000 bpd the previous week, compared to 120,000 bpd reported in the 
corresponding week of 2025.

   Refining utilization in PADD 5 dropped to 81.1% in the same period from 
87.4% the prior week, the EIA data showed. 




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