Los Angeles Gasoline Jumps to Three-Month High on Plant Upsets
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Spot gasoline in Los Angeles surged against futures after Valero Energy Corp. was said to be shutting an alkylation unit at its Wilmington plant next week and Chevron Corp. and Phillips 66 reported equipment shutdowns.
Valero’s 78,000-barrel-a-day Wilmington refinery near Los Angeles will shut the alkylation unit for about seven to 10 days of repairs on a depropanizer, a person familiar with the plans said. Bill Day, a spokesman at Valero’s headquarters, said by e-mail that he couldn’t confirm the planned work.