Pacific Northwest Cash Gasoline Basis Firm in Thin Trade
6/21 4:51 PM
Pacific Northwest Cash Gasoline Basis Firm in Thin Trade OAKHURST, N.J. (DTN) --- Cash gasoline basis in the Pacific Northwest continued to the upside Monday, carrying momentum from last week on the downed gasoline unit at Phillips 66's Ferndale refinery. Sources said prompt suboctane in the Pacific Northwest traded at a 22cts premium to New York Mercantile Exchange July RBOB futures, up 2cts. To the south, prompt CARBOB in the Los Angeles basin traded at 11.5cts and 12cts premiums to July RBOB futures while July CARBOB traded earlier at an 11cts premium to August RBOB futures. Dawn Gallagher, 1.732.531.4451, dawn.gallagher@dtn.com, http://www.dtn.com. (c) Copyright 2021 DTN, LLC. All rights reserved.