SF CARBOB Regular Basis Surges over 15cts after trade

MIAMI, FL (DTN) –San Francisco gasoline basis spiked Monday (2/9) after a trade was confirmed near the end of the trading session.
San Francisco CARBOB regular increased by 17cts to a 70cts 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 also increased by 17cts to be assessed at a 95cts premium to March futures. 

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.