Los Angeles Gasoline Rises as Phillips 66 Refinery Plans Flaring

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.

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