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N.Y. Gasoline Strengthens as Hess Reports Minor Issue at Plant

May 7 (Bloomberg) -- New York gasoline strengthened as Hess Corp. reported a “minor compressor issue” at its Port Reading refinery in New Jersey.

The fluid catalytic cracker at the plant remains in operation and no other units were affected, the company said in a statement.

The discount for regular gasoline in New York Harbor narrowed 1.13 cents to 8.5 cents a gallon versus futures traded on the New York Mercantile Exchange at 2:06 p.m., according to data compiled by Bloomberg. Prompt delivery rose 1.17 cents to $2.8913 a gallon.

PBF Energy Inc.’s Delaware City, Delaware, refinery is conducting maintenance on one of the plant’s two flare gas recovery compressors.

The work started today and is expected to be completed by May 11, according to a message left on a community hotline.

Regular gasoline in the Gulf Coast strengthened 0.13 cent to a discount of 19 cents a gallon versus 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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