US WCoast Products-L.A. gasoline steady on demand
HOUSTON, Oct (KOSDAQ: 039200.KQ - news) 10 (Reuters) - California gasoline's differential was steady in the Los Angeles wholesale market on Thursday as demand was seen higher in the coming weeks, traders said.
October-delivery CARBOB gasoline sold at 16 cents a gallon over November NYMEX RBOB gasoline in L.A. In the San Francisco Bay market, October CARBOB was tied with the L.A. price.
CARBOB gasoline's formula is set by the California Air Resources Board (CARB) at a tighter standard for preventing smog than gasoline authorized by the U.S. Environmental Protection Agency. The gasoline, like all made in the United States, is blended with ethanol.
In the Portland, Oregon, market, gasoline strengthened 8.5 cents to a discount of 4.5 cents a gallon under November NYMEX RBOB.
October CARB diesel, mandated by the Air Resources Board to meet California's tight anti-pollution standards, sagged 0.25 cent to a discount of 0.25 cent a gallon under November NYMEX heating oil.
In the Bay market, CARB diesel was steady at 1 cent a gallon under November NYMEX heating oil.
Portland diesel rose 1 cent a gallon to 10 cents a gallon over November (Xetra: NBXB.DE - news) heating oil.
Jet fuel in L.A. was unchanged at 9 cents a gallon under NYMEX heating oil. (Reporting by Erwin Seba; Editing by Anand Basu)