San Francisco Gasoline Strengthens on Golden Eagle Fire

Spot gasoline in San Francisco strengthened for a second day against futures as Tesoro Corp. (TSO) reported a minor fire at the Golden Eagle refinery.

California-blend gasoline, or Carbob, in San Francisco advanced 4.5 cents versus futures traded on the New York Mercantile Exchange, to a discount of 3 cents a gallon at 4:05 p.m. New York time, according to data compiled by Bloomberg.

The small fire occurred in equipment that was out of service at Tesoro’s 170,000-barrel-a-day refinery in Northern California, Tina Barbee, a company spokeswoman in San Antonio, said in an e-mail today.

The premium for low-sulfur diesel in San Francisco rose 1.75 cents to a 14.5 cents a barrel versus heating oil futures traded on the Nymex.

Carbob in Los Angeles fell 3 cents to a premium of 7.5 cents a gallon. California-blend diesel there rose 1.25 cents to a premium of 16 cents a barrel.

In Portland, Oregon, the premium for low-sulfur diesel widened 4.25 cents to 12 cents a gallon against futures. Conventional, 84-octane gasoline there gained 9.5 cents against Nymex gasoline futures to a premium of 21 cents a gallon.

To contact the reporter on this story: Kenneth Christensen in New York at

To contact the editor responsible for this story: Dan Stets at

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.