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Los Angeles Gasoline Slips a Second Day After Inventories Climb

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Nov. 3 (Bloomberg) -- The premium for California-blend gasoline in Los Angeles fell for a second day after the state Energy Commission said inventories of the fuel climbed 0.3 percent last week.

The premium for Carbob in Los Angeles slipped 1 cent to 32 cents a gallon above gasoline futures traded on the New York Mercantile Exchange at 4:14 p.m. East Coast time, according to data compiled by Bloomberg. The fuel weakened yesterday for the first time in seven days.

Carbob inventories rose to 5.09 million barrels in the week ended Oct. 28 from 5.07 million the previous week, the commission said yesterday. Production fell 1.4 percent to 6.23 million.

The premium for Carbob in San Francisco was unchanged at 28.5 cents a gallon above futures.

Conventional, 87-octane gasoline in Portland, Oregon, rose 2.5 cents to a premium of 22.5 cents above futures.

To contact the reporter on this story: Lynn Doan in San Francisco at ldoan6@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net

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