Bloomberg News

Gulf Gasoline Gains as Conoco’s Borger Refinery Reports Upset

April 09, 2012

Gulf Coast gasoline strengthened as ConocoPhillips reported a “process upset” at its Borger refinery in Texas.

The event occurred overnight at the 146,000-barrel-a-day plant, according to a filing with the Texas Commission on Environmental Quality. Rich Johnson, a company spokesman, declined to comment.

The discount for conventional, 87-octane gasoline in the Gulf Coast (MOSGC87P) narrowed 1.87 cents to 12.13 cents a gallon versus futures traded on the New York Mercantile Exchange at 11:57 a.m., according to data compiled by Bloomberg. Prompt delivery fell 6.38 cents to $3.1367 cents a gallon.

The same fuel in New York Harbor weakened 0.75 cent to a discount of 4 cents a gallon versus futures.

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.


We Almost Lost the Nasdaq
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus