Gulf Coast gasoline rose as Marathon Petroleum Corp. shut a platformer and other equipment for maintenance at the Texas City refinery in Texas.
Marathon planned to close the unit that produces high-octane blending stock for gasoline and a Udex unit today, according to a filing with the Texas Commission on Environmental Quality. The work is scheduled to last three days, the filing showed.
The discount for conventional, 87-octane gasoline in the Gulf Coast narrowed 0.32 cent to 5.13 cents a gallon versus futures traded on the New York Mercantile Exchange at 1:58 p.m., according to data compiled by Bloomberg. Prompt delivery rose 3.13 cents to $2.7254 a gallon.
The premium at the same hub for 93-octane gasoline rose 1.88 cents to 12.88 cents versus futures.
Marathon’s Texas City refinery can process 81,500 barrels of crude a day.