Los Angeles Sept., Oct. Cash Gasoline Basis Extend Gains


   
   OAKHURST, N.J. (DTN) --- Offers for Los Angeles September cash gasoline 
basis jumped early Friday on the final day of business for this month pipeline 
scheduling while October basis also firmed in thin early trade. October CARBOB 
moves to prompt month on Monday (9/25).

   The basis jump on Friday follows a refiner buying fueled surge in basis of 
more than 30cts on Thursday, with state filing details showing planned flaring 
at two area refineries.

   Phillips 66 reported planned flaring Thursday through the end of October at 
its 147,000 bpd Los Angeles refinery due to an "essential operational need," 
according to a filing with the South Coast Air Quality Management District.

   PBF Energy's 160,000 bpd Torrance refinery was to begin flaring Friday due 
to a planned turnaround scheduled through mid-October, per the SCAQMD.

   In other news, the Environmental Protection Agency on Thursday granted a 
two-day extension of the Reid Vapor Pressure Waiver for certain areas of 
Arizona that are mandated to use Clean Burning Gasoline.

   The initial waiver granted Sept. 6 covering Maricopa County and parts of 
Pinal and Yavapai counties, "addressed a fuel supply emergency caused by 
unplanned outages at several refineries" supplying CBG from the eastern 
pipeline originating in Texas as well as Tropical Storm Hillary's impact to 
operations of the west pipeline that supplies Phoenix from California.

   Thursday's extension cited "unplanned service disruption and resulting delay 
on the western pipeline" as having reduced CBG supplies.

    

    

   Dawn Gallagher, 1.732.531.4451, dawn.gallagher@dtn.com, www.dtn.com.




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