UPDATE 1-BP restarts FCC; L.A. gasoline falls -sources

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Mon Jun 7, 2010 6:46pm EDT

(Recasts to add restart time frame)

HOUSTON, June 7 (Reuters) - BP Plc (BP.L) restarted a gasoline-producing fluidic catalytic cracker at its 265,000 barrel per day Los Angeles-area refinery in Carson, California, triggering a drop in wholesale gasoline prices in the Los Angeles market on Monday, traders said.

BP restarted the FCCU over the weekend, said sources familiar with refinery operations. The unit was shut for unplanned repairs on May 26.

Gasoline made to meet California's strict environmental standards traded down on Monday to a 15-cent premium on the July NYMEX RBOB gasoline contract. Wholesale gasoline finished on Friday at 25 cents per gallon over the NYMEX. (Reporting by Erwin Seba; Editing by Marguerita Choy)

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