PNW Sub Octane Basis Hits 2-Month Low on Supply Relief


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- Pacific Northwest sub octane regular gasoline basis 
weakened Tuesday (6/16), falling by 8cts as regional supply concerns continued 
to ease amid a lack of refinery disruptions across the U.S. West Coast.

An offer was heard in the market at a 10cts premium to July NYMEX RBOB futures, 
bringing the Pacific Northwest sub octane basis to a last indication of a 
9.5cts premium, down 8cts from the prior session. This is the lowest level 
since April 8th of this year, when price was assessed at 7.5cts premium 
according to DTN data.

   Major refining facilities along the U.S. West Coast have continued to 
operate without incident, as no flaring events or unexpected unit shutdowns 
have emerged, easing the supply-disruption premium that had previously 
supported gasoline basis values.




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