San Francisco Gasoline Weakens as Shell Martinez Restarts Coker

Gasoline on the spot market in California weakened as Royal Dutch Shell Plc (RDSA)’s Martinez refinery was reported to restart a coker after an unplanned shutdown.

The 165,000-barrel-a-day refinery in Northern California restarted the coker yesterday, Energy News Today reported. The refinery said in a filing with Contra Costa County Health Services that it shut an unidentified unit on May 6 after a leak on an isolation valve.

California-blend gasoline in San Francisco fell 3.5 cents to 27.5 cents a gallon above futures traded on the New York Mercantile Exchange at 2:34 p.m., according to data compiled by Bloomberg. The same fuel in Los Angeles also weakened 3.5 cents, to a premium of 35.5 cents.

Conventional gasoline in Portland, Oregon, strengthened 2.5 cents to a premium of 55 cents.

California-blend diesel in San Francisco strengthened by 3.5 cents to 5 cents a gallon more than ultra-low-sulfur diesel futures on the Nymex. The fuel in Los Angeles narrowed its discount by 0.63 cent to 2.25 cents.

Low-sulfur diesel in Portland strengthened 2 cents to 8.5 cents above New York futures.

To contact the reporter on this story: Dan Murtaugh in Houston at dmurtaugh@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.