Edmonton Diesel Gains as Truckers Report Purchase Limits
Ultra-low-sulfur diesel in Edmonton reached its highest level since February this month as truckers reported restrictions on purchases at Alberta gas stations.
Suncor Energy Inc. (SU)’s 140,000-barrel-a-day refinery in Edmonton had an upset on Oct. 28, the company reported, and fuel suppliers have restricted sales of diesel citing “minor unplanned maintenance” at the refinery, according to the Alberta Motor Transport Association. Suncor representatives didn’t immediately respond to a request for comment today.
“They’re getting notes from the refinery saying they’re being limited,” said Don Wilson, executive director of the organization, which represents companies with fleets of trucks. “They made it sound like it was no big deal, we do it every season, and no, that’s not what I’m seeing.”
Suncor raised its price today for No. 2 ultra-low-sulfur diesel 2.9 cents to $3.414 a gallon at the wholesale rack in Edmonton, where distributors buy and load product, data compiled by Schneider Electric’s DTN show. The price reached an eight-month high of $3.4597 a gallon on Oct. 17.
Gas stations are limiting diesel sales to certain hours on some days of the week, Wilson said. Suncor hasn’t communicated any information about the maintenance directly to the transport association, Wilson said, and the group may take the matter to to Albertan officials including Transportation Minister Ric McIver.
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