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New York Gasoline Gains as Philadelphia Refinery

Gasoline gained in New York Harbor after two units shut for maintenance at the 355,000-barrel-a-day Philadelphia refinery.

Philadelphia Energy Solutions shut the 331 isomerization and 431 debutanizer units at the Girard Point section of the plant, the largest refining complex on the U.S. East Coast, on Dec. 17, state regulators said in an e-mail today.

The premium for conventional gasoline to be blended with ethanol in New York Harbor gained 0.12 cent to 1 cent over futures on the New York Mercantile Exchange at 1:52 p.m. Ultra-low-sulfur diesel advanced 1.37 cents to 7.50 cents a gallon over heating oil futures.

California-blend gasoline rose 6.5 cents to trade at 7.5 cents a gallon over futures in Los Angeles. The same fuel in San Francisco rose 6.5 cents a gallon to a premium of 5.5 cents above futures.

The exchange shut at 1:30 p.m. New York time today, an hour earlier than usual. There is no floor trading tomorrow because of the Christmas holiday and all electronic transactions will be booked for Dec. 26 for settlement purposes.

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