Bloomberg News

Gulf Gasoline Gains Fifth Day as Borger Refinery Reports Upset

January 16, 2012

Jan. 13 (Bloomberg) -- Gulf Coast gasoline rose a fifth day after an upset at ConocoPhillip’s Borger, Texas, refinery added to other outages in the region that may curtail fuel production.

Conoco reported a process upset yesterday at the 154,000- barrel-a-day plant, according to a filing with state regulators. Exxon Mobil Corp. flared gases at its Beaumont refinery in Texas, according to a recorded message on a community hotline.

The discount for conventional, 87-octane gasoline in the Gulf Coast narrowed 0.87 cent to 0.88 cent a gallon versus futures traded at 12:50 p.m. on the New York Mercantile Exchange, according to data compiled by Bloomberg. Prompt delivery rose 1.2 cents to $2.7258 a gallon.

Conoco 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 Jan. 9. Catalytic crackers at Conoco’s Sweeny plant in Texas and Marathon Petroleum Corp.’s Garyville, Louisiana, refinery also shut, according to Lipow.

Motiva Enterprises LLC’s Port Arthur, Texas, refinery shut a diesel hydrotreater for repairs and will idle a crude unit Jan. 17 and a coker March 1 for work, two people with knowledge of the operations said Jan. 9.

Houston-based Motiva is a joint venture of Royal Dutch Shell Plc and Saudi Arabian Oil Co.

The premium for the same fuel in New York Harbor fell 0.5 cent to 1.38 cents a gallon.

--Editors: David Marino, Charlotte Porter

-0- Jan/13/2012 18:52 GMT

-0- Jan/13/2012 18:59 GMT

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 -0- Jan/13/2012 18:38 GMT


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