US Cash Products — Chicago gasoline climbs ahead of new trading cycle
NEW YORK, Oct 14 (Reuters) — Cash differentials for gasoline rose on Wednesday, extending gains from previous sessions, as markets wrapped up trading for the fuel scheduled for shipping during the pipeline network's second delivery cycle for the month, traders said. Chicago CBOB gasoline gained 4.5 cents, trading 15 cents per gallon above the gasoline futures benchmark on the New York Mercantile Exchange, market participants said. Chicago ultra-low sulfur diesel fell 20 cents, trading 5 cents per gallon below the ultra-low sulfur diesel futures contract on the NYMEX. Elsewhere in the Midwest, Group 3 V-grade gasoline gained quarter of a cent, trading 21 cents higher than the benchmark. Group 3 diesel fell 2.75 cents, trading 19.25 cents higher than the benchmark. US Gulf Coast M3 conventional gasoline gained 12 cents, trading 27 cents higher than the gasoline futures. A3 CBOB gasoline gained 12 cents, trading a cent higher than the gasoline futures. Gulf Coast 62-grade ULSD fell 1.25 cents, trading 8.25 cents per gallon below the diesel futures. In New York Harbor, M3 conventional gasoline fell quarter of a cent, trading 26.75 cents per gallon below futures, traders said. Diesel f