Chicago gasoline surges on rumors of refinery problemsgreenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread |
Chicago gasoline surges on rumors of refinery problems Thursday December 14, 5:55 PM EST NEW YORK, Dec 14 (Reuters) - Chicago cash gasoline prices surged Thursday amid rumors of trouble at Marathon Ashland Petroleum's (MRO) (ASH) Robinson, Ill., refinery, traders said.Regular gasoline cash differentials in the hub jumped 2.50 cents a gallon, trading at 1.00/1.25 cents over the New York Mercantile Exchange gasoline futures for January delivery, according to traders.
A company spokesman declined comment on the refinery's operations and industry sources could provide no details.
The 166,000 barrel per day Robinson refinery was down for full turnaround between October 1 and early November.
Marathon Ashland Petroleum is the oil refining and marketing joint venture between USX-Marathon Group, the majority partner with a 62 percent stake, and Ashland Inc.
http://money.iwon.com/jsp/nw/nwdt_rt.jsp?section=news&news_id=reu-n14180594&feed=reu&date=20001214&cat=INDUSTRY
-- Martin Thompson (mthom1927@aol.com), December 15, 2000
What are they paying at the pump in Chicago?
-- David A Jones (jonesey65244@yahoo.com), December 15, 2000.