Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Gulf Coast Gasoline Gains as Marathon Shuts Equipment for Work

Jan. 4 (Bloomberg) -- 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.

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.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.