Bloomberg News

Chicago Gasoline Gains as BP Shuts Ohio Plant’s Alkylation Unit

October 25, 2011

Oct. 25 (Bloomberg) -- Chicago gasoline strengthened after BP Plc shut an alkylation unit following an upset at its Toledo refinery in Ohio.

The unit at the 160,000-barrel-a-day plant may be shut for 10 days, the Toledo Division of Environmental Services said in an e-mail.

The discount for conventional, 87-octane gasoline in Chicago narrowed 3.5 cents to 2 cents a gallon versus futures traded on the New York Mercantile Exchange at 12:46 p.m., according to data compiled by Bloomberg. It’s the strongest level since Oct. 7. Prompt delivery rose 1.12 cents to $2.645 a gallon.

The same fuel in the Gulf Coast strengthened 0.62 cent to a discount of 1.88 cents a gallon.

Flint Hills Resources LLC flared benzene and butadiene at its Port Arthur, Texas, plant, according to a filing with the National Response Center.

The incident occurred at 2 p.m. local time yesterday when the furnace was brought back on line and a valve was found open, according to the filing.

--Editors: Richard Stubbe, David Marino

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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