Los Angeles Gasoline Rises After State Says Inventories Dropped

California-blend gasoline in Los Angeles rose after a refinery fire and a state report showing gasoline stocks dropped last week.

Exxon Mobil Corp. (XOM)’s Torrance refinery in Southern California is repairing a hydrotreater after a fire was sparked by a leak in a line June 11, a person familiar with operations said at the time.

California-blend gasoline supplies fell 5.5 percent last week from a week earlier, the state Energy Commission said in an e-mailed report. California-blend diesel supplies rose 24.6 percent and jet fuel inventories declined 0.5 percent.

California-blend, or Carbob, gasoline in Los Angeles rose 1.75 cents to a discount of 3.5 cents a gallon to futures traded on the New York Mercantile Exchange at 4:16 p.m., according to data compiled by Bloomberg. Carbob in San Francisco was unchanged at a 5-cent discount.

Conventional, 87-octane gasoline in Portland, Oregon, fell 5 cents to a 12-cents-a-gallon discount to New York futures.

California-blend, or CARB, diesel in Los Angeles rose 0.13 cent to a premium of 4.38 cents a gallon over Nymex heating oil futures. The same fuel in San Francisco was unchanged at a 6.5- cent premium.

Low-sulfur diesel in Portland rose 5 cents to a premium of 10 cents a gallon over futures.

To contact the reporter on this story: Dan Murtaugh in Houston at dmurtaugh@bloomberg.net

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

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