Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

http://www.businessweek.com/news/2012-11-16/california-gasoline-gains-after-valero-hydrocracker-maintenance

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


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus