U.S. Midwest spot refined product prices were higher in late Tuesday morning trading, largely on stronger futures.
Group 3 prompt sub-octane gasoline (V-grade) was pegged at a 2.25ct discount to the NYMEX March RBOB contract, 0.5ct narrower than Monday's mean. The implied price was up by 4.23cts to $2.119/gal as of 11:05 a.m. ET. If that holds through the end of trading, it would be the highest value since Oct. 7.
Chicago Comprehensive February Cycle 2 CBOB was gauged at a 8.25ct discount to the March RBOB contract, even with Monday's mean. The implied price was 3.73cts higher at $2.059/gal.
Group 3 ULSD (X-grade) for prompt delivery was put at 23.5ct discount to the NYMEX March ULSD contract, 0.25ct narrower than Monday's close. The implied price was up by 5.24cts to $2.2658/gal.
Group 3 jet fuel (Q-grade) was reported to have traded at a 24 and 22ct discount to the NYMEX March ULSD contract, 2.5ct narrower than Monday's mean.
The implied price was up 7.49cts to $2.2808/gal, the highest price since Jan. 21.
Chicago Comprehensive February Cycle 2 ULSD was put at a 17ct discount to the March ULSD screen, even with Monday's mean and the implied price was up by 4.99cts to $2.3308/gal.
This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.
--Reporting by Jason Titze, jtitze@opisnet.com; Editing by Jeff Barber, jbarber@opisnet.com
(END) Dow Jones Newswires
February 11, 2025 11:38 ET (16:38 GMT)
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