L.A. Spot Gasoline Up with Move to December Scheduling
OAKHURST, N.J. (DTN) --- Spot gasoline prices in the Los Angeles basin
ticked higher in muted Friday trade, climbing with the move to December
pipeline scheduling business as the prompt month.
On the New York Mercantile Exchange, pre-weekend buying lifted December RBOB
futures, while nearby delivery month crude and heating oil futures decreased.
December RBOB futures gained 1.38cts to $1.9833 gal and the January contract
added 0.77cts to $2.0050 gal. December heating oil futures fell 1.34cts to
$1.9830 gal, while December crude futures shed 37cts to $77.09 bbl.
December gasoline mandated for in-state use by California's Air Resources
Board was talked at a 1.5cts discount to January RBOB futures. Spot price rose
2.61cts from November pipeline assessments yesterday to $1.9906 gal.
Dawn Gallagher, 1.732.531.4451, dawn.gallagher@dtn.com, www.telventdtn.com.
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