Los Angeles Cash Gasoline Basis Firm on Chevron Issue


   
   OAKHURST, N.J. (DTN) --- Cash gasoline basis in Los Angeles firmed Tuesday, 
with the May contract gaining more than a nickel following reports unplanned 
flaring at Chevron's El Segundo on Monday was related to issues with the fluid 
catalytic cracking unit, hydrocracker, and alkylation units.

   Sources said April CARBOB in the basin, which rolls off the board with the 
conclusion of trade today, gained 2.5cts with an assessed value of a 34.5cts 
premium to May New York Mercantile Exchange RBOB futures.

   May CARBOB, which moves to prompt business Wednesday morning, traded from 
38cts to 45cts premiums to June RBOB futures.

   In San Francisco, May CARBOB trades were reported at 45cts and 50cts 
premiums to June RBOB futures. On Monday, the fuel was indexed at a 40.5cts 
futures premium.

   Pacific Northwest prompt suboctane deals were recorded from 28cts to 40cts 
futures premiums.

    

    

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




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