N.Y. Gasoline Strengthens as PBF Reports Additional Emissions
New York gasoline strengthened as PBF Energy Inc. (PBF) reported emissions at its Delaware City refinery in Delaware and East Coast inventories of the fuel declined.
The release at PBF’s 182,200-barrel-a-day refinery occurred late yesterday, according to a filing with state regulators. The plant also had a compressor fail July 5, and a compressor tripped July 9, according to separate filings.
The premium for reformulated, 87-octane gasoline in New York Harbor rose 0.75 cent a gallon to 15.5 cents over futures traded on the New York Mercantile Exchange at 12:32 p.m., according to data compiled by Bloomberg. It is the highest level since June 26. Prompt delivery increased 2.33 cents to $2.9177.
Stockpiles of the fuel made to East Coast specifications dropped 800,000 barrels to 14.6 million barrels last week, Energy Department data showed. Inventories were down from 16 million barrels during the same period last year.
The premium for reformulated, 87-octane gasoline on the Gulf Coast gained 0.5 cent to a premium of 1.5 cents a gallon versus futures.
Exxon Mobil Corp. flared gases at its refinery in Beaumont, Texas, after a unit shut down because of unplanned maintenance, according to a filing with the National Response Center. The release at 3:30 a.m. local time yesterday was secured, the filing showed.
Kathleen Jackson, a spokeswoman for the company, didn’t immediately return an e-mail seeking comment.
The discount for conventional, 87-octane gasoline in Chicago narrowed 0.25 cent to 13.25 cents a gallon versus futures.
Husky Energy Inc.’s Lima, Ohio, refinery plans to shut its selective catalytic reduction system for 10 days starting July 16 for maintenance, said Dina Pierce, a spokeswoman for the Ohio Environmental Protection Agency.
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