Bloomberg News

N.Y. Gasoline Gains as Sunoco Philadelphia Said to Repair Unit

May 14, 2012

New York gasoline strengthened as Sunoco Inc. (SUN:US)’s Philadelphia refinery was said to be repairing a crude unit shut after a May 9 fire.

The unit is expected to start by the end of the week after work is finished tomorrow, according to a person familiar with operations at the plant who declined to be identified because he’s not authorized to speak for the refinery.

The differential for unleaded, 87-octane gasoline in New York Harbor rose 2.25 cents to a premium of 2.25 cents a gallon versus futures traded on the New York Mercantile Exchange at 3:10 p.m., according to data compiled by Bloomberg. Prompt delivery dropped 1.93 cents to $2.9365 a gallon.

Crude unit 137 at the Philadelphia plant was shut to repair fire damage, according to a city filing. The equipment can process 200,000 barrels of crude a day, said Genscape Inc., an energy information provider based in Louisville, Kentucky.

Reformulated 87-octane gasoline, or RBOB, in the Gulf Coast strengthened 0.25 cent to a discount of 2 cents versus futures.

Phillips 66 (PSX:US) reported emissions from equipment associated with a fluid catalytic cracker at its Borger refinery in Texas after a process upset, the company said in a filing with state regulators.

The incident started at 8:30 a.m. yesterday and ended at 5:30 a.m. local time today, according to a filing with the Texas Commission on Environmental Quality.

Exxon Mobil Corp. is returning a hydrocracker at its Beaumont, Texas, refinery to normal operations, Kathleen Jackson, a company spokeswoman at the plant, said in an e-mail.

Motiva Enterprises LLC flared gases at its Port Arthur refinery in Texas, the company said in a community hotline message that cited unspecified operating conditions at the plant.

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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Companies Mentioned

  • SUN
    (Sunoco LP)
    • $47.79 USD
    • 0.55
    • 1.15%
  • PSX
    (Phillips 66)
    • $72.68 USD
    • 0.58
    • 0.8%
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