Los Angeles Gasoline Rises to Four-Month High on Refinery Buying
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California-blend gasoline in Los Angeles jumped to the highest level against futures in four months on speculation that planned maintenance is forcing refiners to buy supplies on the spot market.
Carbob in Los Angeles rose 5.5 cents to a premium of 36 cents a gallon against gasoline futures traded on the New York Mercantile Exchange at 4:28 p.m. East Coast time, according to data compiled by Bloomberg. That’s the largest premium for the fuel since Oct. 14.