Bloomberg News

Gulf Coast, Midwest Gasoline Rise Amid Norco Refinery Issues

September 30, 2011

Sept. 30 (Bloomberg) -- Gulf Coast gasoline advanced as Motiva Enterprises LLC reduced feed to a unit yesterday at its Norco, Louisiana, refinery.

A wet gas compressor tripped offline, according to a filing with the National Response Center. Jill Davis, a spokeswoman for the 250,000-barrel-a-day refinery, declined to comment. Motiva is a joint venture of Royal Dutch Shell Plc and Saudi Arabian Oil Co.

The premium for conventional, 87-octane gasoline in the Gulf Coast increased 0.88 cent to 0.5 cent versus futures traded on the New York Mercantile Exchange in New York at 12:59 p.m., according to data compiled by Bloomberg. Prompt delivery gained 2.36 cents to $2.5785 a gallon.

The premium for conventional, 87-octane gasoline in the Midwest rose 1.13 cents to a discount of 0.5 cent a gallon, according to data compiled by Bloomberg. Prompt delivery rose 3.65 cents to $2.6395 a gallon.

Motiva will shut a hydrocracker at the refinery Oct. 6 for planned work that is scheduled to last about 30 days, a person familiar with the work said Aug. 19.

--With assistance from Aaron Clark in New York and Lynn Doan in San Francisco. Editors: Bill Banker, Dan Stets

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net


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