SF CARBOB Regular Basis Spikes by 10cts on Active Trade


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) --San Francisco gasoline basis spiked Wednesday (2/4) driven 
by early active trade.
San Francisco CARBOB regular increased by 10cts to a 55cts premium to March 
NYMEX RBOB futures on the day, setting a 10ct spread against the CARBOB premium 
in the same market. CARB reformulated gasoline premium in San Francisco rose 
also 10cts to be assessed at a 78cts premium to March futures. 

   Los Angeles CARBOB regular gasoline was assessed at a 36 premium to  the 
March NYMEX RBOB futures contract, based on a trade reported at that level.

   Inventories in the U.S. West Coast totaled 30 million bbl in the week ending 
January 30, 500,000 bbl lower than the prior week and extending a four-week 
draw from 31.6 million bbl in early January, Energy Information Administration 
data showed on Wednesday.




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