U.S. Gulf Coast Gasoline Strengthens on Process UpsetsChristine Harvey
Gasoline gained on the U.S. Gulf Coast after a process upset at Phillips 66’s Borger refinery and as a unit of Alon USA Energy Inc.’s Big Spring plant is shut for repair.
Phillips 66 routed emissions to control a device after a process upset at its 146,000-barrel-a-day Borger, Texas, refinery, the company reported Dec. 31. Alon shut a fluid catalytic cracker at its Big Spring refinery to repair a leak at the unit, according to a filing with the Texas Commission on Environmental Quality.
Reformulated gasoline to be blended with ethanol in the Gulf gained 3.37 cents to 7.13 cents a gallon below futures on the New York Mercantile Exchange at 2:06 p.m. Conventional gasoline added 2.5 cents to 13 cents below futures.
Ultra-low-sulfur diesel in the region gained 0.62 cent to 3.38 cents below heating oil futures.
The two refineries can process a combined 216,000 barrels a day, or about 2.5 percent of total U.S. Gulf Coast capacity. Inventories of motor fuel in the region were 81.3 million barrels, the Energy Department reported last week.