U.S. WCoast Products-Prices fall on restart

HOUSTON Jan 12 (Reuters) - Los Angeles wholesale gasoline fell 4.5 cents a gallon on Wednesday after the restart of the Trans-Alaska pipeline on Tuesday.

Wholesale gasoline prices fell 5 cents in the Portland, Oregon, market, which would be most affected by a lengthy shutdown of the pipeline which supplies crude oil to West Coast refineries.

The temporary restart of the pipeline at a flow rate of 400,000 barrels per day (bpd) was seen as a first step to full throughput of 640,000 bpd next week.

"Hopefully once the bypass is completed over the weekend, it will be back to normal rates next week," said one trader.

The pipeline was shut Jan 8 due to a leak.

In the Los Angeles market, unleaded CARBOB gasoline for delivery in January fell 4.5 cents to finish at a 4-cent-per-gallon discount to NYMEX February RBOB gasoline.

San Francisco Bay market CARBOB was 1 cent stronger than L.A.

February-delivery CARBOB lost 3.5 cents to finish at 7 cents a gallon over NYMEX RBOB.

Portland gasoline went untraded to finish in a bid-offer spread of 2 cents under/4 cents over February NYMEX RBOB.

In addition to the Alaska pipeline outage one refinery in the Los Angeles area and one refinery in the San Francisco area are undergoing planned work.

Shell Oil Co's (RDSa.L) 145,000 barrel per day Anacortes, Washington, refinery restarted production on all of its units following a Jan 6 malfunction that halted needed steam for the refining process.

On Tuesday, Los Angeles January CARB diesel slid 0.5 cent to finish at 1 cent/2.5 cents on top of February NYMEX heating oil. In San Francisco, CARB diesel was 0.25 cent stronger.

L.A. January EPA-grade ultra-low sulfur diesel dropped 1.5 cents to 3 cents/2 cents under February NYMEX heating oil.

Los Angeles market jet fuel was down 1 cent at 3 cents/4 cents over NYMEX heating oil.

* * * * For price chains double-click on: * * * *

<0#CL:> <0#LCO:> <0#HO:> <0#LGO:> <0#HU:>

+ + + + For more news on energy, double click on + + + +

[ O] headlines

[OPEC] OPEC

[NSEA] North Sea

[CRU] crude oil

[PROD] oil products

[TOP/] mews by topic

[DRV] derivatives

[SHP] shipping news

++++++++++For market news, double-click on- ++++++++++

[O/R] energy market reports

[CRU/] latest crude

[CRU/E] European crude

[PRO/E] European products

[O/L] latest IPE report

[O/N] latest NYMEX (Reporting by Erwin Seba; Editing by David Gregorio)