Midwest Gasoline Falls After Inventories Rise to 6-Month High

Midwest gasoline dropped after a government report showed inventories of the fuel rose to the highest level since June.

Conventional, 87-octane gasoline in the Midwest, or Group 3, weakened 1 cent to a discount of 10 cents versus futures traded on the New York Mercantile Exchange at 12:50 p.m., according to data compiled by Bloomberg. Prompt delivery fell 10.84 cents to $2.427 a gallon.

Gasoline stocks in the region rose 1.75 million barrels to 50.3 million barrels last week, the Energy Department reported.

Conventional, 87-octaine gasoline in the Gulf Coast narrowed its discount to futures by 0.37 cent to 5.63 cents a gallon.

ConocoPhillips’s Borger refinery in Texas expects to flare gases starting today during maintenance on electrostatic precipitators at a fluid catalytic cracker, according to a filing with the state.

To contact the reporter on this story: Paul Burkhardt in New York at pburkhardt@bloomberg.net.

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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.