- Last night's fire at BP's 405K bbl/day Whiting refinery, the largest plant in the Chicago area, nearly doubled the premium for gasoline today on speculation that supplies will shrink.
- Spot gasoline in the Chicago region was $0.12/gal. above October futures on the Nymex, up from a $0.725 premium yesterday, while ultra low sulfur diesel rose by $0.275 to a $0.03 discount to Nymex futures and jet fuel jumped $0.65 to a $0.14 premium.
- The extent of the damage at BP's 105K bbl/day hydrotreater is not immediately clear, analysts are saying.
- ETF: UGA