Bloomberg News

Midwest Gasoline Falls After Inventories Rise to 6-Month High

December 14, 2011

Dec. 14 (Bloomberg) -- Midwest gasoline dropped after a government report showed inventories of the fuel rose to the highest level since June.

Conventional, 87-octane gasoline in the Midwest, or Group 3, weakened 1 cent to a discount of 10 cents versus futures traded on the New York Mercantile Exchange at 12:50 p.m., according to data compiled by Bloomberg. Prompt delivery fell 10.84 cents to $2.427 a gallon.

Gasoline stocks in the region rose 1.75 million barrels to 50.3 million barrels last week, the Energy Department reported.

Conventional, 87-octaine gasoline in the Gulf Coast narrowed its discount to futures by 0.37 cent to 5.63 cents a gallon.

ConocoPhillips’s Borger refinery in Texas expects to flare gases starting today during maintenance on electrostatic precipitators at a fluid catalytic cracker, according to a filing with the state.

--With assistance from Aaron Clark in New York. Editors: Charlotte Porter, 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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