San Francisco Gasoline Falls With Shell Plant at Planned Rates
The 165,000-barrel-a-day refinery, northeast of San Francisco, reported an unscheduled unit shutdown early yesterday because of a lack of nitrogen at the site, a notice to Contra Costa County regulators shows. Destin Singleton, a Shell spokeswoman in Houston, declined to comment on the unit shut and said the refinery is “operating as planned.”
California-blend gasoline, or Carbob, in the Northern California area dropped 3.5 cents to a discount of 10.5 cents a gallon versus gasoline contracts traded on the New York Mercantile Exchange, data compiled by Bloomberg at 4:14 p.m. New York time show. Prompt-delivery tumbled 7.91 cents to $2.8456 a gallon.
Tesoro Corp. (TSO)’s 170,000-barrel-a-day Golden Eagle refinery reported unit startups on July 19 and July 20, separate notices to Contra Costa County show.
Carbob in Los Angeles slipped 2.5 cents to a discount of 9.5 cents a gallon.
Chevron Corp. (CVX)’s El Segundo refinery, the largest in the state, plans to flare gases through Aug. 7, a notice to the South Coast Air Quality Management District shows. The flaring isn’t due to a breakdown, according to the notice. The plant was scheduled to shut the No. 2 crude unit this month for maintenance, a person familiar with the work said June 13.
Air Products & Chemicals Inc. (APD)’s Wilmington plant, which supplies hydrogen to refineries in the Los Angeles area, plans to perform a valve replacement tomorrow that may cause flaring, Art George, a spokesman at the company’s headquarters in Allentown, Pennsylvania, said by e-mail today. The plant will continue to supply customers during the work and return to normal rates the following day, he said.
Retail gasoline in California dropped 0.4 cent to $3.953 a gallon, Heathrow, Florida-based AAA, the nation’s largest motoring organization, said today on its website.
California-grade, or CARB, diesel in Los Angeles slipped 0.25 cent against ultra-low-sulfur diesel futures on the Nymex to a premium of 4.50 cents a gallon. The same fuel in San Francisco was unchanged at 4 cents a gallon above futures.
Conventional gasoline in Portland weakened for a third day, losing 2.5 cents to a discount of 4.5 cents a gallon below Nymex futures, a two-week low.
The 3-2-1 crack spread of Alaska North Slope crude, Carbob in Los Angeles and CARB diesel in Los Angeles narrowed for a fourth day, losing $2.07 to $11.51 a barrel at 4:16 p.m. New York time. The spread, a rough indicator of refining profits, is the smallest since January.
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