Bloomberg News

San Francisco Gasoline Weakens a Second Day on Refinery Restarts

April 22, 2013

Spot gasoline in San Francisco weakened against futures after Tesoro Corp. (TSO:US)’s Golden Eagle refinery reported an equipment restart and Chevron Corp. (CVX:US)’s Richmond plant worked to return its crude unit to service.

Tesoro’s 170,000-barrel-a-day Golden Eagle plant northeast of San Francisco was starting unspecified equipment yesterday, a notice to Contra Costa County regulators showed. The 240,000- barrel-a-day Richmond refinery, the largest in Northern California, plans to resume normal operations by the end of the month at the lone crude unit, shut since an Aug. 6 fire.

California-blend gasoline, or Carbob, in San Francisco weakened for a second day against gasoline futures traded on the New York Mercantile Exchange, losing 0.5 cent to a premium of 23 cents a gallon at 2:01 p.m. New York time, data compiled by Bloomberg show.

California-blend, or CARB, diesel in San Francisco dropped 5.5 cents to a discount of 0.5 cent a gallon against ultra-low- sulfur diesel futures on the Nymex, a three-month low.

Carbob in Los Angeles slipped 0.5 cent versus futures to a premium of 8 cents a gallon. CARB diesel there, which began trading for May delivery, declined 0.5 cent a gallon to 0.5 cent below June ULSD futures.

Exxon Mobil Corp. (XOM:US)’s 150,000-barrel-a-day Torrance refinery in Southern California reported a breakdown and flaring through April 26, a notice to the South Coast Air Quality Management District shows.

In Portland, Oregon, gasoline weakened 0.25 cent to a premium of 5.25 cents a gallon. Diesel there dropped 2 cents to a premium of 3 cents a gallon against 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

  • TSO
    (Tesoro Corp)
    • $75.27 USD
    • 0.67
    • 0.89%
  • CVX
    (Chevron Corp)
    • $113.25 USD
    • -0.22
    • -0.19%
Market data is delayed at least 15 minutes.
 
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