Bloomberg News

Gulf Coast Gasoline Rises to One-Month High on Refinery Repairs

January 09, 2012

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 pburkhardt@bloomberg.net.

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net.


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