PNW Sub-Octane Regular Basis Falls to 20-Month Low

MIAMI, FL (DTN) – The December Pacific Northwest sub-octane regular gasoline basis hit a 20 month-low on Thursday (12/4) driven by lower offers and weak demand.

DTN assessed December PNW sub-octane regular gasoline at 17.5cts discount to January NYMEX RBOB futures contract, based on offers talked at minus 18cts against the same benchmark, which is a drop of 30cts from the previous trading session.

However, confirmation of trades done at those levels was not available at the time of publication.
Market sources attributed the lower offers to demand softness during winter season across the U.S. Pacific Northwest region.