Spot Gasoline in Northern California Slides to Three-Month Low
Spot gasoline in San Francisco fell to the weakest level relative to New York futures in more than three months as U.S. West Coast refineries operated at the highest seasonal rates in at least three years.
California-blend gasoline, or Carbob, in San Francisco slid 3.5 cents to 17.5 cents a gallon below futures on the New York Mercantile Exchange at 4:13 p.m., the largest discount since Aug. 21, according to data compiled by Bloomberg. California-grade, or CARB, diesel fell 3 cents to a discount of 10.5 cents to ultra low sulfur diesel futures on the Nymex.
Oil refineries on the U.S. West Coast, known as the PADD 5 region, operated at 86 percent of capacity in the week ended Nov. 29, the highest level for the time of year in data going back to 2010, according to the U.S. Energy Informati
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Submitted Dec 09, 2013 By: