SF CARBOB Regular Basis Spikes by 10cts on Active Trade

MIAMI, FL (DTN) –San Francisco gasoline basis spiked Wednesday (2/4) driven by early active trade.
San Francisco CARBOB regular increased by 10cts to a 55cts premium to March NYMEX RBOB futures on the day, setting a 10ct spread against the CARBOB premium in the same market. CARB reformulated gasoline premium in San Francisco rose also 10cts to be assessed at a 78cts premium to March futures. 

Los Angeles CARBOB regular gasoline was assessed at a 36 premium to  the March NYMEX RBOB futures contract, based on a trade reported at that level.

Inventories in the U.S. West Coast totaled 30 million bbl in the week ending January 30, 500,000 bbl lower than the prior week and extending a four-week draw from 31.6 million bbl in early January, Energy Information Administration data showed on Wednesday.