New York Fuels Gain as Delta Plans Turnaround at Trainer PlantChristine Harvey
Gasoline and diesel strengthened in New York as Delta Air Lines Inc., the only airline operating a U.S. refinery, prepared to begin work on two units.
Reformulated, 84-octane gasoline, or RBOB, in New York Harbor added 0.12 cent to a discount of 0.13 cent a gallon against New York Mercantile Exchange futures at 12:01 p.m., the narrowest since Nov. 29, according to data compiled by Bloomberg. Ultra low sulfur diesel gained 0.25 cent to a premium of 1 cent.
Delta plans to shut a crude unit and isocracker next week at the Trainer plant in Pennsylvania. Crews will carry out 35 to 40 days of maintenance at the No. 543 crude unit while conducting a catalyst changeout on the isocracker, said Adam Gattuso, a refinery spokesman.
The 185,000-barrel-a-day plant is operated by Delta subsidiary Monroe Energy LLC.
The 3-2-1 crack spread in New York, a rough measure of refining margins for gasoline and diesel based on Brent oil in Europe, added $1.50 to $10.09 a barrel, the first increase in three days, according to data compiled by Bloomberg.