Bill Day News
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U.S. Gulf Coast gasoline extended its slump for a sixth day after a government report showed area inventories reached a record high for this time of year amid a surge in imports. Crack spreads fluctuated.
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U.S. Gulf Coast gasoline weakened for a fifth day, falling to the lowest level versus futures in six weeks, on speculation that refinery run rates are contributing to a glut.
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Spot gasoline in San Francisco gained against futures as Tesoro Corp.’s Golden Eagle refinery returned to normal operations after a power failure and Valero Energy Corp.’s Benicia plant restored electricity to its products rack.
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U.S. Gulf Coast gasoline fell to a two-week low against New York futures as Valero Energy Corp. said it was returning process units to service at a Texas plant.
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Spot gasoline in Los Angeles strengthened against futures for a fifth straight day as Exxon Mobil Corp.’s Torrance refinery began shutting equipment, including the crude unit and a coker, for maintenance.
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Spot gasoline weakened against futures for a third day on the Gulf Coast as Valero Energy Corp. finished maintenance at a Meraux, Louisiana, refinery.
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Spot gasoline in Los Angeles surged to a 10-week high against futures as Exxon Mobil Corp.’s Torrance refinery prepared to shut units for maintenance and Valero Energy Corp.’s Wilmington plant had an upset at its fluid catalytic cracker.
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U.S. Gulf Coast gasoline weakened for a third day, falling to an 11-day low against futures, as operations returned to normal at Texas refineries owned by Valero Energy Corp. and Motiva Enterprises LLC.
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Spot gasoline in San Francisco gained for a third day against futures as Valero Energy Corp. performed work at the Benicia plant in Northern California amid tight West Coast supplies.
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Spot gasoline in Los Angeles gained against futures for a second day after BP Plc’s Carson refinery, the second-largest in California, extended flaring as units restart after maintenance.
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