L.A. gasoline spikes up 8 cts on refiner buys -trade
HOUSTON - Los Angeles wholesale gasoline spiked up 8 cents on Wednesday due to heavy buying by major West Coast refiners, according to traders.
Refiners were seen buying due to slower-than-expected restarts at San Francisco Bay-area refineries owned by Shell Oil Co (RDSa.L) and Tesoro Corp (TSO.N), both of which have been performing planned work on production units, trade sources said. (Reporting by Erwin Seba)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick