Spot gasoline in San Francisco strengthened for a second day against futures as Tesoro Corp. (TSO:US) reported a minor fire at the Golden Eagle refinery.
California-blend gasoline, or Carbob, in San Francisco advanced 4.5 cents versus futures traded on the New York Mercantile Exchange, to a discount of 3 cents a gallon at 4:05 p.m. New York time, according to data compiled by Bloomberg.
The small fire occurred in equipment that was out of service at Tesoro’s 170,000-barrel-a-day refinery in Northern California, Tina Barbee, a company spokeswoman in San Antonio, said in an e-mail today.
The premium for low-sulfur diesel in San Francisco rose 1.75 cents to a 14.5 cents a barrel versus heating oil futures traded on the Nymex.
Carbob in Los Angeles fell 3 cents to a premium of 7.5 cents a gallon. California-blend diesel there rose 1.25 cents to a premium of 16 cents a barrel.
In Portland, Oregon, the premium for low-sulfur diesel widened 4.25 cents to 12 cents a gallon against futures. Conventional, 84-octane gasoline there gained 9.5 cents against Nymex gasoline futures to a premium of 21 cents a gallon.
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