U.S. WCoast Products - Gasoline holds high

Tue Jun 30, 2009 3:34pm EDT
 
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 HOUSTON, June 30 (Reuters) - West Coast gasoline prices
held on to highs hit Monday because of a malfunction in a Los
Angeles refinery, traders said on Tuesday.
 Unleaded, ethanol-blend July CARBOB in the Los Angeles
market was actively traded but finished unchanged after deals
at 10.75 cents and 11 cents per gallon over August NYMEX RBOB
2RBQ9.
 Exxon Mobil Corp (XOM.N) said operations were back to
normal late Monday morning at its 150,000 barrel per day Los
Angeles-area refinery in Torrance, California, after an early
morning malfunction in an unidentified unit.
 There was minimal impact to production, a spokeswoman
said.
 With the three-day July 4 Independence Day holiday
beginning on Friday, some traders were betting on further
problems in the Los Angeles market quickly tightening supply.
 In the San Francisco market, CARBOB for July was priced 3.5
cents under L.A.
 August L.A. CARBOB was up 1.5 cents in a bid-offer spread
at 9.5 cents/11 cents over September NYMEX RBOB gasoline.
 L.A. CARB diesel fell 0.5 cent to an offer of 5.5 cents per
gallon over August NYMEX heating oil 2HOQ9.
 Ultra-low sulfur diesel remained at 1 cent over August
NYMEX heating oil in Los Angeles.
 In San Francisco, CARB diesel was down 1 cent at 8 cents/10
over NYMEX heating oil as exports to South America were driving
the price up.
 Jet fuel in Los Angeles fell 1.75 cents in a sale at 5.25
cents over NYMEX heating oil.
 In the Portland, Oregon, market, unleaded gasoline was
unchanged at 4 cents over NYMEX RBOB. Ultra-low sulfur diesel
lost 1.25 cents in a sale at 5.75 cents over.
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 (Reporting by Erwin Seba; Editing by Walter Bagley)






 

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