Basis for RBOB in NYH Weakens with Inventory at 6mos High


   
   CRANBURY, N.J. (DTN) -- Basis for 13.5psi Reid vapor pressure RBOB in the 
New York Harbor spot market weakened 50 points to a 50-point discount to 
October futures on the New York Mercantile Exchange for shipment on the Buckeye 
Pipeline, with regional gasoline inventory reaching a six-month high during the 
second week of September.

   Energy Information Administration reported a 1.437 million bbl build in PADD 
1B gasoline inventory to 29.945 million bbl during the week-ended Sept. 15, 
widening a stock surplus against year ago to 1.831 million bbl.

   September RBOB anys weakened 85 points to an 85-point discount to October 
futures, with delivery on Oct. 10 45 points weaker at a 100-point discount to 
the October contract for shipment on the Buckeye Pipeline or delivery by barge.

   RBOB barge delivery or for shipment on the Buckeye Pipeline on Oct. 10 
weakened 50 points to a 275-point premium to November futures following trades 
Thursday afternoon at 300 and 325-point premiums to the November contract. 
October RBOB anys are assessed at a 225-point premium to the November futures.

   Basis for 12.9psi RVP CBOB weakened 25 points for Buckeye Pipeline transit 
to a 25-point discount to October RBOB futures.

    

    

   Brian L. Milne, 1.402.255.8020, brian.milne@dtn.com, www.dtn.com.




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