Los Angeles Cash Refined Product Basis Mixed on Session


   
   OAKHURST, N.J. (DTN) --- Cash refined product basis in Los Angeles were 
mixed Thursday afternoon, with overall deal making limited, sources said.

   May CARBOB in the basin held at a 45cts premium to June New York Mercantile 
Exchange RBOB futures while June CARBOB was talked at a 32.5cts premium to July 
RBOB futures.

   State data show CARB RFG supply in the basin rose 160,000 bbl in the week 
ended April 19 while production rose 144,000 bbl.

   Regional jet fuel production declined for a second week, down 66,000 bbl in 
the week profiled to 1.459 million bbl while supply of the fuel dropped 121,000 
bbl to 1.506 million bbl.

   May jet fuel basis continued higher, up 1.5cts on the session to trade at a 
20cts premium to June ULSD futures. June jet fuel in L.A. was pegged at a 13cts 
premium to the July ULSD contract and July jet fuel was assessed at a 13cts 
premium to August ULSD futures.

   Sources said prompt CARB ULSD in the basin rose 3cts, trading at a 5cts 
futures premium.

    

    

   Dawn Gallagher, 1.732.531.4451, dawn.gallagher@dtn.com, http://www.dtn.com.




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