Gulf Coast Strengthens as Exxon, Total Refineries Report Issues

Gulf Coast gasoline rose as Total SA (FP) reported an equipment shutdown on a unit at the Port Arthur, Texas, refinery and Exxon Mobil Corp. (XOM) reported an upset at the Baytown plant.

Total reported that equipment on Unit 812 shut down at Port Arthur, which can process 174,000 barrels of feedstock a day. Exxon flared gases at Baytown after an upset occurred in a fractionation tower of a crude light ends unit, the company said yesterday in a filing to the Texas Commission on Environmental Quality. It said production wasn’t affected.

The premium for conventional, 87-octane gasoline on the Gulf Coast rose 0.88 cents to 8.38 cents versus futures traded on the New York Mercantile Exchange at 2:11 p.m., according to data compiled by Bloomberg. It was the seventh gain in eight days. Prompt delivery increased 6.23 cents to 3.1041 a gallon.

The premium for reformulated, 87-octane gasoline, or RBOB, in New York Harbor rose 2.5 cents to 25 cents a gallon at 2:43 p.m.. Prompt delivery increased 7.85 cents to $3.2657.

To contact the reporter on this story: Joshua Falk in New York at jfalk19@bloomberg.net

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

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.