N.Y. Gasoline Strengthens After Sunoco Catalytic Cracker Work
Gasoline gained in New York after Sunoco Inc. (SUN) started work on a fluid catalytic cracker at the Marcus Hook refinery in Pennsylvania.
Work on the gasoline-making unit is expected to take about four days and resulted in minor emissions today, according to Kevin Sunday, a spokesman for the Pennsylvania Department of Environmental Protection.
The premium for reformulated, 87-octane gasoline in New York Harbor versus futures traded on the New York Mercantile Exchange rose 0.88 cent to 13.88 cents a gallon at 2:18 p.m., according to data compiled by Bloomberg. Prompt delivery gained 6.23 cents to $2.8876 a gallon.
Sunoco shut part of the unit for the maintenance, said Kevin Sunday, a spokesman for the Pennsylvania Department of Environmental Protection.
Thomas Golembeski, a Sunoco spokesman, didn’t immediately respond to an e-mail seeking comment. The plant has a capacity of 194,000 barrels a day, according to data compiled by Bloomberg.
The premium for the same fuel in the Gulf Coast shrank 2.25 cents to 2.5 cents a gallon.
Chalmette Refining LLC’s plant in Chalmette, Louisiana, is operating normally after a unit outage late yesterday, according to a company spokesman.
There was no impact on production from the incident, said Will Hinson, the spokesman. “Operations in this unit were restored several hours later,” he said.
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