San Francisco Gasoline Dips After State Reports Inventory Growth
California-blend gasoline, or Carbob, inventories rose to 6.83 million barrels in the week ended Jan. 4, the commission said on its website yesterday. State-blend diesel supplies increased 4.8 percent to 3.02 million barrels.
San Francisco Carbob fell 4 cents to a 16.5-cent discount to futures on the New York Mercantile Exchange at 3:58 p.m. in New York, according to data compiled by Bloomberg. It’s the largest gap since Dec. 20.
California-blend diesel in Los Angeles weakened 0.75 cent to a 6.5-cent-a-gallon premium to heating oil futures in New York. The fuel in San Francisco was unchanged at a 4-cent discount. In Portland, low-sulfur diesel gained 5 cents to 5 cents below futures.
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