Los Angeles Gasoline Climbs After BP Carson Shuts Compressor
Spot gasoline in Los Angeles gained for the first time in three days after BP Plc (BP/) shut a compressor at the Carson oil refinery for repairs.
The 266,000-barrel-a-day Carson plant in Southern California reported a breakdown to state and air regulators today. The refinery shut a compressor as part of a maintenance turnaround, a person familiar with operations there said.
California-blend gasoline, or Carbob, in Los Angeles strengthened 0.5 cent to a premium of 0.5 cent a gallon versus futures traded on the New York Mercantile Exchange at 3:55 p.m. East Coast time, data compiled by Bloomberg show.
BP began scheduled repairs on a fluid catalytic cracker and an alkylation unit at the Carson refinery on Jan. 7, a person familiar with the maintenance said at the time.
The discount for Carbob in San Francisco widened 3.5 cents to 20 cents a gallon against futures.
Carbob inventories in California jumped 9.6 percent to 6.83 million barrels in the week ended Jan. 4, data compiled by the state Energy Commission show.
California-blend diesel in Los Angeles weakened 1 cent to a 5.5-cent-a-gallon premium to Nymex heating oil futures. The discount for the same fuel in San Francisco widened 3.5 cents to 7.5 cents a gallon against futures. In Portland, low-sulfur diesel widened its discount 3 cents to 8 cents a gallon.
Conventional, 84-octane gasoline in Portland, Oregon, weakened 1.5 cents to 24.5 cents a gallon below futures.
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