Bloomberg News

N.Y. Gasoline Weakens After Sunoco Refinery Unit Said to Return

October 17, 2011

Oct. 17 (Bloomberg) -- New York gasoline slipped as Sunoco Inc. was said to start a fluid catalytic cracker at its Marcus Hook refinery in Pennsylvania.

The unit is up and running, said a person with knowledge of the situation who declined to be identified because the information is not public. Sunoco shut part of the unit for maintenance that was expected to last about four days, Kevin Sunday, a spokesman for the Pennsylvania Department of Environmental Protection, said Oct. 11.

The premium for reformulated, 87-octane gasoline in New York Harbor narrowed 1.62 cents to 6.13 cents a gallon versus futures traded on the New York Mercantile Exchange at 12:16 p.m., according to data compiled by Bloomberg. Prompt delivery fell 7.09 cents to $2.8313 a gallon.

PBF Energy Partners LP reported emissions yesterday because of the outage of a boiler associated with a fluid catalytic cracker at its Delaware City, Delaware, refinery, according to a filing made with the National Response Center. Emissions from the unit also were reported last week.

Colonial Pipeline Co., which operates the largest line linking U.S. Gulf refiners to U.S. markets, will allocate distillate fuel shipments Line 2 for Cycle 59, the company said in a bulletin to shippers.

The differential versus heating oil futures for ultra-low- sulfur diesel in the Gulf Coast fell 0.25 cent to a discount of 0.9 cent a gallon. Prompt delivery dropped 2.56 cents to $3.0237.

--Editors: Richard Stubbe, Charlotte Porter

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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