Midwest Gasoline Climbs to Three-Week High on Wood River
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Gasoline in the Midwest strengthened to a three-week high against futures on the outage of a crude unit at an Illinois refinery.
Phillips 66 shut a pipestill for repairs at the 365,000-barrel-a-day Wood River, Illinois, plant, after an electrical fire Jan. 12. The unit restarted today, said Rich Johnson, a Houston-based spokesman for the company. The refinery is the second-largest in the Midwest, behind BP Plc’s Whiting, Indiana, plant.