HOUSTON Jan 7 January-delivery CARBOB gasoline
in the Los Angeles spot market gained 2 cents a gallon to finish
at 1 cent a gallon under the February NYMEX RBOB gasoline future
contract on Monday as BP Plc began overhauling the
gasoline unit at its Los Angeles refinery, traders said.
BP began shutting the gasoline-producing fluidic catalytic
cracking unit and alkylation unit at the 240,000 barrel-per-day
(bpd) Carson, California, refinery over the weekend, according
to sources familiar with refinery operations.
A BP spokesman declined to discuss operations at the
January CARBOB gasoline in the San Francisco Bay market was
1 cent a gallon weaker at 16 cents a gallon below February NYMEX
Gasoline in the Portland, Oregon, market, was 1 cent
stronger at 24 cents a gallon under February NYMEX RBOB.
January L.A. CARB diesel came up 3 cents a gallon at 6 cents
a gallon over February NYMEX heating oil, in part due to
expected tighter supply for diesel as area refineries shift
production to favor gasoline.
CARB diesel in the Bay market came up 8 cents a gallon to be
even with February NYMEX heating oil.
Jet fuel in L.A. rose 1.25 cents a gallon to finish at 4
cents a gallon over February NYMEX heating oil.