Bloomberg News

N.Y. Gasoline Strengthens as Sunoco Plant Said to Shut Units

October 06, 2011

Oct. 6 (Bloomberg) -- Gasoline in New York gained as Sunoco Inc. was said to shut a reformer and low-sulfur gasoline unit for planned work at the Marcus Hook refinery in Pennsylvania.

The units are expected to be offline for 11 to 15 days, said a person with direct knowledge of the maintenance who declined to be identified because the information isn’t public. Another person said the units would be offline between two and four weeks.

The premium to New York-traded futures for reformulated, 87-octane gasoline in the New York Harbor region rose 1.25 cents to 13.75 cents a gallon at 11:37 a.m., according to data compiled by Bloomberg. Prompt delivery gained 6.63 cents to $2.7605 a gallon.

The Marcus Hook reformer converts naphtha to feedstock for a UDEX unit. The equipment is collectively known as the 17- Plant, according to state’s Department of Environmental Protection.

ConocoPhillips Bayway refinery in New Jersey reported flaring yesterday, according to a filing with state regulators.

Imports of gasoline to the region fell 124,000 barrels to 397,000 barrels a day last week, the Energy Department reported yesterday. The shipments were the lowest since at least 2004, when the department began showing regional data.

--Editors: Bill Banker, Richard Stubbe

To contact the reporter on this story: Paul Burkhardt in New York at pburkhardt@bloomberg.net.

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


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