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NEWS
  • Los Angeles gasoline trade sees little impact from fires: sources

    Differentials  for  Los Angeles CARBOB, a grade of gasoline, saw little effect from the wildfires 

    burning in Ventura and Los Angeles counties Thursday morning, sources said. 


    The US National Weather Service had a Red Flag warning in place for these counties Thursda

    y morning,  which  denotes  extreme  fire  danger  due  to  strong winds and low humidity. That 

    warning  has  been  extended through Saturday as authorities continue their efforts to contain 

    various conflagrations in the region. 


    Trade sources said that, so far, these fires are having a negligible impact on local gasoline cas

    h  markets.  One  source said he had "not seen much of an impact" from the fires Thursday. A 

    second  source  agreed, saying "gasoline won't be impacted much, unless a refinery becomes 

    impacted." 


    S&P  Global  Platts  assessed  Los Angeles CARBOB for December delivery at January NYMEX 

    RBOB futures minus 7 cents/gal Wednesday, and this value seems to have held steady though 

    Thursday.  A  source  said  LA   CARBOB  was  bid at futures minus 10 cents/gal and offered at 

    futures minus 5 cents/gal early in the day.

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