HOUSTON Aug 20 California gasoline's premium
gained 3 cents on Wednesday after the U.S. government reported a
smaller than expected increase in West Coast gasoline inventory,
August-delivery CARBOB gasoline finished at 8 cents a gallon
over September NYMEX RBOB gasoline in Los Angeles.
San Francisco Bay market August CARBOB gasoline climbed 4
cents a gallon to 24 cents a gallon over September NYMEX RBOB.
The U.S. Energy Information Administration said West Coast
gasoline supply rose 101,000 barrels last week to 27.1 million
CARBOB gasoline is mandated by the California Air Resources
Board (CARB) for use in the state and meets more stringent
anti-pollution standards than gasoline in most of the country,
as required by the U.S. Environmental Protection Agency. CARBOB
is made to blend with ethanol.
In the Portland, Oregon, market, EPA gasoline rose 2.5 cents
a gallon to 17.5 cents a gallon over September NYMEX RBOB.
As with gasoline, a state-specific ultra-low sulfur diesel
is required by the CARB, with a more stringent formula than EPA
L.A. August CARB diesel gained 1 cent to 10 cents a gallon
over September NYMEX heating oil. August CARB diesel also rose 1
cent to 12.5 cents a gallon over September NYMEX heating oil.
Portland EPA diesel rose 1.5 cents a gallon to 12.5 cents a
gallon over September NYMEX heating oil.
(Reporting by Erwin Seba; Editing by Ken Wills)