HOUSTON, June 29 (Reuters) - West Coast gasoline prices
climbed on Monday at news of a malfunction in a Los Angeles
refinery, traders said.
Unleaded, ethanol-blend July CARBOB in the Los Angeles
market was actively traded, finishing up 3.25 cents after
selling several times at 9 cents, 9.5 cents, 9.75 cents, 10
cents, 10.5 cents and 11 cents per gallon over August NYMEX
RBOB 2RBQ9, up 6.17 cents at $1.9358 a gallon.
"Exxon Torrance speculation was a big part of it," a trader
said.
Exxon Mobil Corp (XOM.N) said operations were back to
normal late Monday morning at its 150,000 barrel per day (bpd)
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.
In the San Francisco market, CARBOB for July was priced 4
cents under L.A.
August L.A. CARBOB was in a bid-offer spread at 7.5
cents/9.5 cents over September NYMEX RBOB gasoline.
L.A. CARB diesel dipped 0.25 cent in a sale at 5.75 cents
per gallon over August NYMEX heating oil 2HOQ9.
Ultra-low sulfur diesel was bid at 1 cent over August NYMEX
heating oil in Los Angeles.
In San Francisco, CARB diesel gained 0.25 cent at 6.5
cents/11 cents over NYMEX heating oil as exports to South
America were driving the price up.
Jet fuel in Los Angeles was offered a penny lower at 7
cents over NYMEX heating oil.
In the Portland, Oregon, market, unleaded gasoline finished
3.5 cents higher after trades at 3 cents and 4 cents over NYMEX
RBOB. Ultra-low sulfur diesel fell 7 cents in an offer at 1
cent over.
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(Reporting by Erwin Seba)
