Bloomberg News

N.Y. Diesel Weakens After Sunoco Refinery Starts Hydrotreater

December 09, 2011

Dec. 9 (Bloomberg) -- New York diesel slipped to its lowest level in 11 months after Sunoco Inc. started a hydrotreater at its Philadelphia refinery.

The refinery started the unit Dec. 7 after it was shut for repairs to a compressor one day earlier, according to filings with Philadelphia’s health department.

Diesel inventories in the U.S. East Coast, or Padd 1 region, rose 394,000 barrels last week to 25.9 million, according to the Energy Department.

The premium for ultra-low-sulfur diesel in New York Harbor declined 0.5 cent to 1.63 cents a gallon versus heating oil futures traded on the New York Mercantile Exchange at 3:37 p.m. It’s the smallest gap since Jan. 5. Prompt delivery fell 2.23 cents to $2.9288 a gallon.

The discount for the same fuel in the U.S. Gulf Coast narrowed 0.3 cent to 7.25 cents a gallon.

--Editors: David Marino, 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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