U.S. WCoast Products - Gasoline sharply weaker
HOUSTON, June 19 (Reuters) - Gasoline weakened sharply on West Coast product markets Friday and traders cited refineries returning from repair, weaker demand and cheap imports.
Los Angeles ethanol-blended CARBOB for June sold down 7 cents at even with July New York RBOB, which fell 10.51 cents to $1.9244 a gallon on the New York Mercantile Exchange.
In San Francisco, CARBOB was selling 3.5 cents weaker than its Los Angeles counterpart.
Traders said refineries were returning from maintenance and, along with weak demand, imports from the Far East were driving prices down.
California gasoline inventories contributed to a sharp build in nationwide stocks for the week ended June 12, according to government data released Wednesday.
July CARB diesel in L.A. was virtually unchanged, bargaining at 4.5 cents against offers of 6 cents a gallon over August New York heating oil, which fell nearly 5 cents to $1.8263.
Los Angeles jet fuel traded 0.50 cents stronger, drawing bids of 7.25 cents against offers of 8.25 cents a gallon over NYMEX heating oil.
In the Portland, Oregon, bids of 4 cents a gallon over NYMEX RBOB met offers of 7 cents a gallon over, 1 cent weaker.
Portland diesel bargained was offered at 8 cents over NYMEX heasting oil against no bids, 1 cent stronger. * * * * For price chains double-click on: * * * *
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For energy speed guide page, click on ENERGY (Reporting by Bruce Nichols; Editing by David Gregorio)
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