US WCoast Products- L.A. gasoline strengthens
HOUSTON, June 11
HOUSTON, June 11 (Reuters) - Gasoline strengthened on Monday in the Los Angeles spot market as Phillips 66's 100,000 barrel-per-day (bpd) Ferndale, Washington, refinery reported an equipment malfunction, traders said.
June-delivery CARBOB gasoline gained 0.5 cent to a discount of 6.5 cents a gallon under July NYMEX RBOB gasoline. In the San Francisco Bay market, CARBOB was at a discount of 4 cents to July NYMEX CARBOB gasoline.
Gasoline in the Portland, Oregon, market was at a 6-cent discount to NYMEX RBOB.
CARB diesel fell 0.75 cent to 4.5 cents a gallon over NYMEX July heating oil in Los Angeles.
EPA diesel was at 5 cents over NYMEX heating oil.
Jet fuel was steady at an offer of 9 cents over July heating oil.
Diesel in the Portland market sold at 6 cents over NYMEX heating oil.
CARBOB and CARB diesel get their names from the California Air Resources Board, which mandates their formulas. CARBOB is a gasoline meant for use with ethanol. CARB diesel is intended to reduce pollution in California's major metropolitan areas. Outside California's cities, ultra-low sulfur diesel as authorized by the U.S. Environmental Protection Agency is used.
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