San Francisco Spot Gasoline Higher on Pipeline Transition
9/21 12:31 PM
San Francisco Spot Gasoline Higher on Pipeline Transition OAKHURST, N.J. (DTN) --- San Francisco Bay spot gasoline prices rallied in limited early trade Friday with the move to October pipeline scheduling and stronger basis, sources said. October CARBOB in the Bay traded 25.0cts over November ULSD futures versus offers for October CARBOB at 22.0cts premiums the prior session. Spot price rallied more than 8.0cts from the September value a day earlier to $2.2569 gallon. In the Los Angeles basin, October CARBOB traded 25.0cts over November RBOB futures, 3.0cts higher than deals the prior session. Pacific Northwest prompt suboctane was offered at a 16.0cts futures premiums, sources said. Just near 1:00 PM ET, October New York Mercantile Exchange RBOB futures rose 90.79cts to $2.0225 gallon while the November contract added 0.56cts to $2.0069 gallon. October ULSD future dipped 0.01ct to $2.2279 gallon and November futures gained 0.09cts to $2.2330 gallon. NYMEX October West Texas Intermediate crude futures traded 80cts higher at $71.12 bbl while the November Intercontinental Exchange Brent crude contract rose 18cts to $78.88 bbl. Dawn Gallagher, 1.732.531.4451, dawn.gallagher@dtn.com, www.dtn.com. (c) 2018 DTN. All rights reserved.