Jan. 9 (Bloomberg) -- Gulf Coast gasoline rose to its highest level in more than a month as BP Plc shut an alkylation unit for work at its Texas City plant in Texas and other refiners repaired gasoline-making equipment.
The work was planned at BP’s 475,000-barrel-a-day plant, according to a person with knowledge of the maintenance. ConocoPhillips also shut a catalytic cracker and alkylation unit at the Alliance refinery in Louisiana, Andy Lipow, president of Lipow Oil Associates LLC in Houston, said in an e-mail.
Catalytic crackers at Conoco’s Sweeny plant in Texas and Marathon Petroleum Corp.’s Garyville, Louisiana, refinery are also shut, according to Lipow.
The discount for reformulated, 87-octane gasoline on the Gulf Coast narrowed 1.18 cents to 3.2 cents versus futures traded on the New York Mercantile Exchange at 12:37 p.m., according to data compiled by Bloomberg. It’s the smallest discount at the hub since Dec. 2.
The premium for conventional, 87-octane gasoline in New York Harbor rose 0.25 cent to 1.38 cents a gallon.
Imperial Oil Ltd. is operating its Dartmouth refinery in Nova Scotia normally after planned work on a unit over the weekend caused flaring, Merle MacIsaac, a spokesman for the company in Halifax, said in an e-mail.
--With assistance from Aaron Clark in New York and Barbara Powell in Dallas. Editors: David Marino, Charlotte Porter
To contact the reporter on this story: Paul Burkhardt in New York at firstname.lastname@example.org.
To contact the editor responsible for this story: Dan Stets at email@example.com.