Bloomberg News

Gulf Gasoline Weakens After Production Reaches Eight-Month High

By Paul Burkhardt
May 17, 2012

Gulf Coast gasoline weakened after refinery processing in the region reached the highest level since September.

Gross input at the plants increased 377,000 barrels a day, or 5 percent, last week, the Energy Department said yesterday. It was the largest amount since Sept. 2, department data showed.

The discount for regular 87-octane gasoline in the Gulf Coast widened 1.37 cents to 15 cents a gallon versus futures traded on the New York Mercantile Exchange at 2:04 p.m., according to data compiled by Bloomberg. Prompt delivery fell 5.31 cents to $2.7316 a gallon.

The same fuel in New York Harbor strengthened 0.12 cent to a discount of 4.63 cents 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.

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