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Chicago Gasoline Weakens as West Shore Products Line Restarts

Aug. 7 (Bloomberg) -- Chicago gasoline weakened after Buckeye Partners LP’s West Shore pipeline restarted following a power outage.

The line carrying refined products west and north from Citgo Petroleum Corp., Exxon Mobil Corp. and BP Plc refineries in the Chicago area shut after a power failure at its Lemont, Illinois, plant. The system returned to service late yesterday, Martin White, a company spokesman in Breinigsville, Pennsylvania, said in an e-mailed statement.

The 70,000-barrel-a-day West Shore line transports refined products including gasoline, jet fuel and diesel.

The premium for conventional, 87-octane gasoline in Chicago weakened 1.5 cents to 10 cents a gallon versus futures traded on the New York Mercantile Exchange at 2:36 p.m., according to data compiled by Bloomberg.

The premium for the same fuel in New York Harbor narrowed 0.25 cent to 1.13 cents a gallon versus futures.

PBF Energy Inc.’s Delaware City, Delaware, refinery had an equipment malfunction yesterday, according to a filing with the state’s Department of Natural Resources and Environmental Control.

Michael Karlovich, a Parsippany, New Jersey-based spokesman for PBF, declined to comment on plant operations.

The refinery can process 182,200 barrels of crude a day, according to data compiled by Bloomberg.

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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