California Gasoline Gains on Repairs at Exxon Torrance Refinery

Spot gasoline in California advanced to a one-week high against futures after Exxon Mobil Corp. (XOM) said the Torrance oil refinery is performing repairs on a unit.

The planned maintenance may cause the 150,000-barrel-a-day plant, south of Los Angeles, to flare gases through Nov. 12, a notice to the South Coast Air Quality Management District shows. Gesuina Paras, an Exxon spokeswoman in Torrance, didn’t specify in an e-mailed statement which unit is undergoing work.

“The refinery continues to operate normally,” she said. “There is no impact to production.”

Spot California-blend gasoline, or Carbob, in Los Angeles rose 4.5 cents to a premium of 12.5 cents a gallon against gasoline futures traded on the New York Mercantile Exchange at 1:46 p.m. East Coast time, according to data compiled by Bloomberg. That’s the highest level for the fuel since Oct. 29.

Carbob in San Francisco climbed 4 cents to 0.5 cent a gallon above futures, also the fuel’s highest since Oct. 29.

Air Products & Chemicals Inc. (APD)’s hydrogen plant in Carson, California, is scheduled to flare through tomorrow because of a breakdown, a notice to the South Coast air district shows. The plant supplies hydrogen to refineries in the Los Angeles area.

Art George, a spokesman at Air Products’ headquarters in Allentown, Pennsylvania, didn’t immediately reply to an e-mail requesting comment on the upset.

California-grade, or CARB, diesel in Los Angeles declined 1.5 cents to a premium of 6 cents a gallon versus heating oil futures traded on the Nymex, a two-week low for the fuel. CARB diesel in San Francisco slipped 1.25 cents to 5.5 cents a gallon over futures.

Conventional 84 sub-octane gasoline to be blended with ethanol in Portland, Oregon, jumped 5.5 cents to 16 cents a gallon under gasoline futures. Low-sulfur diesel in Portland dropped 6 cents to 15 cents a gallon above heating oil futures.

To contact the reporter on this story: Lynn Doan in San Francisco at ldoan6@bloomberg.net

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

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.