PNW Sub-Octane Premium Falls 13cts on Softer Offers


   
Kristina Davis
DTN Refined Fuels Market Reporter

   MIAMI, FL (DTN) -- Pacific Northwest sub-octane gasoline premium was heard 
offered at 50cts on Thursday (4/2), moving the basis down by 13cts to a 49.5cts 
premium to the May NYMEX RBOB futures contract, reflecting softer market 
sentiment amid easing buying interest.
Market participants indicated the weaker structure followed reduced spot 
demand, with sellers adjusting offers lower to clear available barrels into the 
regional system.
PNW sub-octane regular gasoline was also offered weaker, heard at plus 5cts 
offer, moving the basis down by 7cts to a 4.5cts premium to the front-month 
NYMEX RBOB futures contract, underscoring broader softness across gasoline 
blending components in the Pacific Northwest.
The declines come as the West Coast gasoline complex continues to balance 
adequate supply against uncertain demand patterns, while refinery 
rationalization across the region and ongoing geopolitical tensions tied to 
Middle East crude flows remain supportive underlying factors for price 
volatility.

    

    




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