U.S. Gulf Coast Gasoline Gains on BP Texas City Refinery
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Gulf Coast gasoline strengthened for the first time in four days on speculation the region’s supplies will shrink after BP Plc shut a unit at its Texas City refinery.
A fire in a section of a residual hydrotreater at the site yesterday resulted in a shutdown of the unit, the company reported. With the capacity to process 475,000 barrels a day, BP’s Texas City plant is the fourth-largest refinery in the Gulf Coast.