LA CARBOB premium surges 11 cents on Valero news
The premium for Los Angeles ethanol-blended reformulated gasoline surged 11 cents on Friday after reports of flaring at Valero's Wilmington, California, refinery, traders said.
CARBOB sold in Los Angeles for 37 cents a gallon over NYMEX RBOB, traders said.
A Valero spokesman said the flaring was caused by a problem in the sulfur recovery unit but was having no material impact on production.
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