Chicago gasoline strengthened after Exxon Mobil Corp. reported an operational upset at the Joliet refinery in Illinois.
The plant flared gases as a result of the upset yesterday, according to a filing with the Illinois Emergency Management Agency. Tricia Simpson, an Exxon spokeswoman, said the filing was accurate and declined to comment on details.
The discount for conventional, 87-octane gasoline in Chicago (CHCG87PC) strengthened 18 cents to 6 cents a gallon versus futures trading on the New York Mercantile Exchange at 2:37 p.m., according to data compiled by Bloomberg. Prompt delivery rose 10.28 cents to $3.2089 a gallon.
The same fuel in the Gulf Coast (MOSGC87P) held at a discount of 14.5 cents versus futures as refineries experienced weather-related issues.
“Some electricity customers in the Corpus Christi area have experienced voltage dips and lightning strikes as a storm front comes through,” said Andy Heines, a spokesman for American Electric Power Co. Inc. (AEP:US), which distributes electricity in Corpus Christi.
Valero Energy Corp. (VLO:US) said a temporary power failure at its Corpus Christi East refinery in Texas affected a compressor. The 115,000-barrel-a-day plant had a “weather-related power blip affecting a compressor associated with the coker,” Bill Day, a Valero spokesman based in San Antonio, said in an e-mail.
Flint Hills Resources LLC reported flaring at the West plant in Corpus Christi, according to a notice from the Corpus Christi local emergency planning committee.
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