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Gulf Gasoline Weakens After Exxon Beaumont Operations ‘Normal’

Dec. 5 (Bloomberg) -- Gulf Coast gasoline weakened after Exxon Mobil Corp. resumed normal operations at the Beaumont refinery in Texas.

The plant shut a compressor and expected “some impact to production,” the company said in a Dec. 1 filing with state regulators. Rachael Moore, a company spokeswoman, declined to identify equipment returning to service.

The discount for conventional, 87-octane gasoline in the Gulf Coast widened 0.25 cent to 6 cents a gallon versus futures traded on the New York Mercantile Exchange at 12:38 p.m., according to data compiled by Bloomberg. Prompt delivery rose 1.33 cents to $2.572 a gallon.

The same fuel in New York Harbor held at a premium of 4.25 cents a gallon against futures.

To contact the reporter on this story: Paul Burkhardt in New York at pburkhardt@bloomberg.net.

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

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