Bloomberg News

California Gasoline Rises First Time in 7 Days on Refinery Work

October 25, 2011

Oct. 25 (Bloomberg) -- California-blend gasoline in Los Angeles strengthened for the first time in seven days after BP Plc said it will flare gases at the Carson refinery and Tesoro Corp. said it is conducting work at the Wilmington refinery.

The premium for Carbob in Los Angeles climbed 4.63 cents to 15.63 cents a gallon above gasoline futures at 4:11 p.m. East Coast time, according to data compiled by Bloomberg. The fuel reach its lowest premium in more than a month yesterday.

London-based BP plans to flare gases at the Carson refinery, the second-largest in California by capacity, from Oct. 28 through Nov. 15, according to a filing with the South Coast Air Quality Management District. The plant is scheduled to work on a light-ends depropanizer and a reformer this month, two people with direct knowledge of the work said Oct. 6.

San Antonio-based Tesoro is conducting planned maintenance at the 97,000-barrel-a-day Wilmington refinery until tomorrow, Mike Marcy, a company spokesman in Martinez, California, said in an e-mail. “We expect having no difficulty meeting contracted regional product supply commitments,” he said.

Carbob in San Francisco rose 7.13 cents to a premium of 15.13 cents.

The premium for conventional, 87-octane gasoline in Portland, Oregon, fell 5 cents to 19.5 cents.

--Editors: David Marino, Richard Stubbe

To contact the reporter on this story: Lynn Doan in San Francisco at ldoan6@bloomberg.net

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


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