Bloomberg News

California Gasoline Gains After Valero Hydrocracker Maintenance

November 16, 2012

Spot gasoline in San Francisco gained for the first time in five days after Valero Energy Corp. (VLO:US) said the Benicia refinery in Northern California performed work on a hydrocracker.

The 170,000-barrel-a-day plant conducted “very brief planned maintenance” on the unit today, Bill Day, a spokesman at the company’s headquarters in San Antonio, said by e-mail. “No material impact to production.”

California-grade gasoline, or Carbob, in San Francisco climbed 1 cent to a discount of 3.5 cents a gallon over gasoline futures traded on the New York Mercantile Exchange at 1:41 p.m. East Coast time, data compiled by Bloomberg show. The same fuel in Los Angeles gained for the first time in eight days, increasing 2.25 cents to 8.75 cents a gallon against futures.

The Benicia hydrocracker, which breaks down oil feedstock into lighter products such as gasoline, is back at “planned rates,” Day said.

California-grade, or CARB, diesel in San Francisco was 2.5 cents a gallon over Nymex heating oil futures for a fourth day. CARB diesel in Los Angeles held at a premium of 4.25 cents a gallon.

Conventional 84 sub-octane gasoline to be blended with ethanol in Portland, Oregon, fell for the fifth day, dropping 3.25 cents to 17.5 cents a gallon under gasoline futures. Low- sulfur diesel in Portland was unchanged at 12 cents a gallon over heating oil futures.

To contact the reporter on this story: Lynn Doan in San Francisco at ldoan6@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net


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Companies Mentioned

  • VLO
    (Valero Energy Corp)
    • $53.72 USD
    • 0.21
    • 0.39%
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