Gasoline in Los Angeles Weakens on Chevron Plant Startup

California-blend gasoline in Los Angeles weakened for the second day after Chevron Corp. (CVX) reported a plant startup at the El Segundo refinery in Southern California.

Chevron, based in San Ramon, California, reported a plant startup at the 279,000-barrel-a-day El Segundo refinery, a filing with the California Emergency Management Agency showed. The company simultaneously reported unplanned flaring related to a breakdown to the South Coast Air Quality Management District.

California-blend, or Carbob, gasoline in Los Angeles slipped 0.5 cent to 27.5 cents a gallon above futures traded on the New York Mercantile Exchange, according to data compiled by Bloomberg. The premium for the fuel in Los Angeles narrowed 13 cents May 4 on thin trading.

“These are very routine notices and have a very limited impact if at all on the refinery,” Rod Spackman, a Chevron spokesman at the El Segundo refinery, said in a telephone interview. “The refinery is very much alive and well.”

California-blend, or CARB, diesel in Los Angeles rose 0.75 cent to a premium of 10 cents a gallon versus Nymex heating oil futures. The same fuel in San Francisco dropped 1 cent to 17 cents a gallon above futures.

San Francisco Carbob gained 1 cent to a premium of 39 cents above gasoline futures. Phillips 66 (PSX-W), Tesoro Corp. (TSO) and Royal Dutch Shell Plc. (RDSA) are performing maintenance on units at their Northern California refineries.

Conventional, 87-octane gasoline in Portland, Oregon, a benchmark price for the U.S. Northwest, rose 1 cent to 37 cents a gallon above futures. Low-sulfur diesel there was unchanged at 29 cents a gallon over heating oil futures.

BP Plc (BP/) is starting the 234,000-barrel-a-day Cherry Point refinery in Washington state after shutting the plant in February to repair equipment damaged by a fire and to perform a maintenance turnaround. The refinery is expected to resume operations over the next several days, a person with knowledge of the situation said today.

To contact the reporter on this story: Lynn Doan in San Francisco at

To contact the editor responsible for this story: Dan Stets at

Press spacebar to pause and continue. Press esc to stop.

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.