Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Gulf Gasoline Strengthens on Incident at Port Arthur Refinery

Don't Miss Out —
Follow us on:

Sept. 26 (Bloomberg) -- U.S. Gulf Coast gasoline strengthened relative to futures in New York after Motiva Enterprises LLC reported an incident at the largest refinery in the region.

Conventional, 85-octane gasoline, or CBOB, gained 0.75 cent to a discount of 15.5 cents a gallon below New York Mercantile Exchange futures at 2:12 p.m. Conventional, 87-octane gasoline also added 0.75 cent, narrowing its discount to 14 cents.

Motiva’s Port Arthur, Texas, refinery report a “process incident” and flaring from an alkylation unit and fluid catalytic cracker, according to a filing with state regulators. The 600,000-barrel-a-day plant halted startup of a unit yesterday after emissions, a notice to the U.S. National Response Center said. Destin Singleton, a spokeswoman for the plant, declined to comment on specific units.

The 3-2-1 crack spread on the Gulf Coast, a rough measure of refining margins for gasoline and diesel based on West Texas Intermediate in Cushing, Oklahoma, added 86 cents to $9.03 a barrel. The same spread based on Light Louisiana Sweet oil gained 46 cents to $6.63 a barrel.

California-blend, or Carbob, gasoline in San Francisco strengthened 1 cent to a premium of 5 cents a gallon over futures at 2:16 p.m. New York time.

Carbob in Los Angeles weakened by 2.25 cents to a premium of 11 cents a gallon. Conventional, 84-octane gasoline in Portland, Oregon, strengthened by 1 cent to a premium of 9 cents a gallon.

California-blend diesel in San Francisco was unchanged at a discount of 2.5 cents a gallon to ultra-low-sulfur diesel futures on the Nymex. The fuel in Los Angeles strengthened by 0.88 cent to a premium of 1.13 cents. Low-sulfur diesel in Portland strengthened by 2 cents to a discount of 2.5 cents.

To contact the reporter on this story: Christine Harvey in New York at charvey32@bloomberg.net

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.