San Francisco Gasoline Weakens as Shell Nears End of Maintenance
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San Francisco Gasoline Weakens as Shell Nears End of Maintenance
Spot gasoline in San Francisco fell the most in 11 months after Royal Dutch Shell Plc neared the end of a maintenance period for its refinery in Northern California. California-blend, or Carbob, gasoline in San Francisco weakened by 23.5 cents to a premium of 21 cents a barrel more than futures on the New York Mercantile Exchange at 3:56 p.m., according to data compiled by Bloomberg. It’s the largest one-day drop since Oct. 8. Shell started maintenance at the 165,000-barrel-a-day refinery in Martinez, California, on Sept. 11 to “optimize operations,” Destin Singleton, a Houston-based spokeswoman for the company, said by e-mail. The work was expected to last five to seven days, according to a filing with Contra Costa County Health Services. Source: http://www.businessweek.com/news/2013-09-16/san-francisco-gasoline-weakens-as-shell-nears-end-of-maintenance
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San Francisco Gasoline Weakens as Shell Nears End of Maintenance
Spot gasoline in San Francisco fell the most in 11 months after Royal Dutch Shell Plc neared the end of a maintenance period for its refinery in Northern California. California-blend, or Carbob, gasoline in San Francisco weakened by 23.5 cents to a premium of 21 cents a barrel more than futures on the New York Mercantile Exchange at 3:56 p.m., according to data compiled by Bloomberg. It’s the largest one-day drop since Oct. 8. Shell started maintenance at the 165,000-barrel-a-day refinery in Martinez, California, on Sept. 11 to “optimize operations,” Destin Singleton, a Houston-based spokeswoman for the company, said by e-mail. The work was expected to last five to seven days, according to a filing with Contra Costa County Health Services. Source: http://www.businessweek.com/news/2013-09-16/san-francisco-gasoline-weakens-as-shell-nears-end-of-maintenance
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