US Cash Products — Gulf Coast conventional gas fell on shift to higher vapor pressure fuel
NEW YORK, Oct 15 (Reuters) — Cash differentials for conventional gasoline fell on the US Gulf Coast, reversing gains in previous session, as the market began trading higher vapor pressure fuel, traders said. US Gulf Coast M3 conventional gasoline fell 17 cents, trading 10 cents higher than the gasoline futures benchmark on the New York Mercantile Exchange, market participants said. A3 CBOB gasoline gained 0.5 cent, trading 1.5 cents per gallon above futures. Gulf Coast 62-grade ULSD gained 11.75 cents, trading 3.5 cents per gallon above the ultra-low sulfur diesel futures contract on the NYMEX. Chicago CBOB gasoline fell 13 cents, trading 2 cents per gallon above futures. Chicago ultra-low sulfur diesel fell 7 cents, trading 12 cents per gallon below diesel futures. Elsewhere in the Midwest, Group 3 V-grade gasoline fell 1 cent, trading 20 cents higher than the benchmark. Group 3 diesel gained three-quarters of a cent, trading 20 cents higher than the benchmark. In New York Harbor, M3 conventional gasoline fell three-quarters of a cent, trading 27.5 cents per gallon below futures, traders said. Diesel for delivery in New York Harbor fell 1 cent, trading 13 cents per gallon above f