Dec. 12 (Bloomberg) -- Gulf Coast gasoline rose after BP Plc adjusted equipment associated with an ultracracker in Texas City, Texas, and Petroleo Brasileiro SA’s Pasadena refinery shut a coker following a fire.
BP lowered system pressure on the gasoline-making unit to make changes Dec. 10, according to a filing with the Texas Commission on Environmental Quality. The coker fire broke out the same day at the Pasadena plant near Houston and was extinguished, the company said in a statement.
The discount for conventional, 87-octane gasoline in the Gulf Coast narrowed 0.58 cent to 7.05 cents a gallon versus futures traded on the New York Mercantile Exchange at 4:10 p.m., according to data compiled by Bloomberg. Prompt delivery fell 2.68 cents to $2.4931 a gallon.
The discount versus heating oil futures for ultra-low- sulfur diesel at the same hub narrowed 2.55 cents to 4.7 cents a gallon.
Alon USA Energy Inc. flared sulfur dioxide from the Big Spring Refinery in Texas after a valve failed, according to a Dec. 11 filing to state regulators.
The emissions began at 2:30 a.m. local time and ended by 9 a.m., and the unit was stabilized, the state filing showed.
The Big Spring refinery can process 70,000 barrels a day, according to data compiled by Bloomberg.
California-blend gasoline in San Francisco weakened 0.75 cent to a premium of 0.25 cent a gallon versus futures.
The premium for the fuel in Los Angeles slipped 0.75 cent to 5.75 cents. It strengthened Dec. 9 as Kinder Morgan started scheduling for the third cycle on the West pipeline, which carries refined products from Southern California into Arizona.
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