Chicago CBOB Basis Drops Further from 2026 High

 SECAUCUS, NJ (DTN) – Chicago CBOB basis fell by 7 cents Tuesday (5/5), sliding further from last week’s 2026 high, in shifting market conditions.

CBOB for West Shore delivery was assessed at a 11cts premium to June NYMEX RBOB futures, versus 18cts in the prior session.

On April 29, the Chicago CBOB basis was at 44cts, its highest for the year, after the U.S. Energy Information Administration reported Midwest (PADD 2) gasoline inventories at a more than four-month low during the week ended April 24.

The EIA is scheduled to report tomorrow (5/6) its latest weekly reading for gasoline stocks, for the week ended May 1.