San Francisco Gasoline Rises for Sixth Day on Flaring
Gasoline in San Francisco gained for a sixth day after Chevron Corp. (CVX)’s Richmond refinery reported a unit shut and Tesoro Corp. (TSO)’s Golden Eagle plant reported flaring associated with a reformer.
The 240,000-barrel-a-day Richmond refinery reported that a flange leak on a “hydrogen cross tie line” forced the plant to depressurize a unit in a notice to the California Emergency Management Agency. Melissa Ritchie, a Chevron spokeswoman in Richmond, said the report was accurate and declined in an e-mail to comment on operations at the plant.
California-blend, or Carbob, in San Francisco rose 0.75 cent to 14.75 cents above gasoline futures on the New York Mercantile Exchange, according to data compiled by Bloomberg. That’s the highest level for the fuel in more than a month.
Tesoro’s 170,000-barrel-a-day Golden Eagle refinery also reported flaring associated with the “3 reformer RFS and BSU with 1 HTS,” a filing with the Contra Costa County hazardous materials division showed. Tina Barbee, a spokeswoman at the company’s headquarters in San Antonio, declined in an e-mail to comment on the status of the units and said refinery “operations are running normally.”
Valero Energy Corp. (VLO)’s 170,000-barrel-a-day Benicia plant in Northern California is performing repairs to a compressor that may keep a fluid catalytic cracker, which upgrades heavy gasoil into gasoline and other lighter products, out of service until mid-August.
Carbob in Los Angeles fell for a second day, slipping by 0.25 cent to a premium of 10.75 cents a gallon against futures.
BP Plc (BP/) finished routine maintenance at the 266,000-barrel- a-day Carson refinery in Southern California, a person familiar with operations there said. The plant shut equipment that removes residual benzene from the crude unit for about three weeks of planned repairs last month, a person with direct knowledge of the work said July 19.
California-blend diesel, or CARB diesel, in Los Angeles climbed 0.63 cent to 6.13 cents a gallon above Nymex heating oil futures. The same fuel in San Francisco gained 2.25 cents to a 9.75-cent-a-gallon premium versus futures.
Conventional, 87-octane gasoline in Portland, Oregon, gained for a fifth day, rising 0.25 cent to a premium of 5 cents a gallon versus Nymex gasoline futures. Low-sulfur diesel there gained 1.75 cents to 11.5 cents a gallon above heating oil futures.
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