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Los Angeles Gasoline Rises as Phillips 66 Refinery Plans Flaring

Nov. 16 (Bloomberg) -- Spot gasoline in Los Angeles gained for the first time in eight days as Phillips 66 reported planned flaring at its refinery in the area next week.

The 139,000-barrel-a-day plant will flare gases in its Wilmington section from Nov. 22 through Dec. 4, the company said in a filing with the South Coast Air Quality Management District. “Planned maintenance is under way” at the refinery, Dennis Nuss, a spokesman at Phillips 66’s headquarters in Houston, said by e-mail today.

California-grade gasoline, or Carbob, in Los Angeles gained for the first time in eight days, increasing 2 cents to 8.5 cents a gallon over gasoline futures traded on the New York Mercantile Exchange at 4:05 p.m. East Coast time, data compiled by Bloomberg show.

The Los Angeles refinery was scheduled to start a six-week maintenance turnaround on a hydrocracker in the Wilmington section of the plant around Oct. 16, two people familiar with the schedule said Oct. 5.

Carbob in San Francisco fell 1 cent to a discount of 5.5 cents a gallon after Valero Energy Corp. said a hydrocracker at the Benicia refinery in Northern California was back at planned rates. The 170,000-barrel-a-day plant conducted “very brief planned maintenance” on the unit today, Bill Day, a spokesman at the company’s headquarters in San Antonio, said by e-mail. There was “no material impact to production,” hes said.

California-grade, or CARB, diesel in San Francisco was 2.5 cents a gallon over Nymex heating oil futures for a fourth day. CARB diesel in Los Angeles slipped 0.75 cent to a premium of 3.5 cents a gallon.

Conventional 84 sub-octane gasoline to be blended with ethanol in Portland, Oregon, fell for the fifth day, dropping 3.25 cents to 17.5 cents a gallon under gasoline futures. Low-sulfur diesel in Portland was unchanged at 12 cents a gallon over heating oil futures.

To contact the reporter on this story: Lynn Doan in San Francisco at ldoan6@bloomberg.net

To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net

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