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http://www.businessweek.com/news/2012-11-19/los-angeles-gasoline-rises-as-valero-refinery-reports-flaring

Bloomberg News

Los Angeles Gasoline Rises as Valero Refinery Reports Flaring

November 19, 2012

Spot gasoline in Los Angeles gained as Valero Energy Corp. (VLO:US)’s refinery in Wilmington, California, reported flaring because of process and storage issues.

There was no material impact to production at the 78,000- barrel-a-day refinery, said Bill Day, a spokesman based in Valero’s San Antonio headquarters.

California-grade gasoline, or Carbob, in Los Angeles increased 1 cent to a premium of 9.5 cents a gallon over futures traded on the New York Mercantile Exchange at 4:01 p.m, according to data compiled by Bloomberg. Carbob in San Francisco increased 6 cents to a premium of 0.5 cent.

California-grade, or CARB, diesel in Los Angeles climbed 2 cents to a premium of 5.5 cents a gallon to heating oil futures. CARB in San Francisco fell 5 cents to a discount of 2.5 cents a gallon.

Conventional 84 sub-octane gasoline to be blended with ethanol in Portland, Oregon, gained 1 cent to a discount of 16.5 cents a gallon to gasoline futures. Low-sulfur diesel in Portland fell 4.5 cents to a premium of 7.5 cents to heating oil futures.

To contact the reporter on this story: Joshua Falk in New York at jfalk19@bloomberg.net

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


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