Chicago Gasoline Falls After BP Starts Indiana Catalytic Cracker
Chicago gasoline weakened after BP Plc (BP) returned a fluid catalytic cracker that was shut last week for unplanned repairs at the Whiting refinery in Indiana.
The unit, one of two catalytic crackers at the 420,000- barrel-a-day plant, returned to service by Feb. 4, said a person with knowledge of the incident.
The discount for conventional, 87-octane gasoline in Chicago (CHCG87PC) widened 2 cents to 17.5 cents a gallon versus futures traded on the New York Mercantile Exchange at 2:36 p.m. Prompt delivery fell 0.44 cent to $2.755 a gallon.
The same fuel in New York Harbor (MOSNY87P) was unchanged at a 2-cent premium to futures. Prompt delivery rose 1.35 cents to $2.9479 a gallon.
PBF Energy Inc. reported a compressor went offline at the Delaware City, Delaware, refinery, according to a filing with state regulators. The incident caused the release of about 1,700 pounds of sulfur dioxide, the filing showed.
Michael Karlovich, a PBF spokesman in Parsippany, New Jersey, where the company is based, said he wasn’t certain whether the compressor had returned to service. “All operations are routine,” he said during a telephone call.
To contact the reporter on this story: Aaron Clark in New York at aclark27@bloomberg.net
To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net
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