Los Angeles Jet Fuel Rises After Refinery Maintenance BeginsDan Murtaugh
Jet fuel on the spot market in Los Angeles strengthened to its first premium over diesel futures in a week after BP Plc was said to begin planned maintenance at the Carson refinery in Southern California.
BP started work on a jet treater unit and an isomerization unit at the 266,000-barrel-a-day plant, a person familiar with operations there said today. The refinery supplies 25 percent of Los Angeles’s gasoline demand and produces 50 percent of the jet fuel for Los Angeles International Airport, according to the company’s website.
Jet fuel in Los Angeles strengthened by 3 cents to a premium of 2.5 cents a barrel over ultra-low-sulfur diesel futures on the New York Mercantile Exchange at 4:09 p.m., according to data compiled by Bloomberg.
California-blend gasoline, or Carbob, in Los Angeles strengthened by 2.75 cents to a premium of 3.5 cents a gallon over gasoline futures on the Nymex. The fuel in San Francisco expanded by 3.75 cents to a premium of 9 cents a gallon.
Conventional, 84-octane gasoline in Portland, Oregon, gained 2 cents to a discount of 6 cents a gallon to New York futures.