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Chicago Gasoline Strengthens After Citgo Refinery Reports ‘Blip’

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May 8 (Bloomberg) -- Chicago gasoline strengthened after Citgo Petroleum Corp. reported a “power blip” at the Lemont refinery in Illinois.

The plant flared gases after the power failure, according to a filing with the U.S. National Response Center yesterday.

Fernando Garay, a Citgo spokesman, didn’t return an e-mail seeking comment.

The discount for conventional, 87-octane gasoline in Chicago strengthened 4.5 cents to 12 cents a gallon versus futures trading on the New York Mercantile Exchange at 2:39 p.m., according to data compiled by Bloomberg. Prompt delivery rose 6.61 cents to $2.8752 a gallon.

Delek USA Holdings Inc. reported emissions from a fluid catalytic cracker at its refinery in Tyler, Texas, according to a filing with state regulators.

Conventional, 87-octane gasoline in the Gulf Coast rose 1.75 cents to a discount of 16.5 cents versus futures. Regular gasoline in New York Harbor narrrowed its discount 0.5 cent to 7.63 cents.

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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