Gulf Coast Gasoline Strengthens as Valero Refinery Flares Gases
Gulf Coast gasoline strengthened as Valero Energy Corp. (VLO) reported emissions at the Port Arthur refinery in Texas.
There was no material impact to production associated with the emission, Bill Day, a company spokesman in San Antonio, said in an e-mailed statement.
The company was investigating the source of the release, according to a filing with the National Response Center.
The discount for reformulated, 87-octane gasoline, or RBOB, on the Gulf Coast narrowed 2.75 cents to 24.25 cents a gallon versus futures traded on the New York Mercantile Exchange at 12:04 p.m., according to data compiled by Bloomberg. Prompt delivery fell 5.05 cents to $2.9822 a gallon.
The same fuel in New York Harbor widened its discount by 0.12 cent to 2.5 cents versus futures.
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