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To: BigBull who wrote (40613)	3/22/1999 6:49:00 PM
From: BigBull	Respond to of 95453

Exxon Benecia refinery still shut for "several weeks" Energy News Mon, 22 Mar 1999, 6:41pm EST West Coast Gasoline Prices Soar Amid Refinery Shutdowns Los Angeles, March 22 (Bloomberg Energy) -- Spot gasoline prices on the West Coast climbed today as major refineries continued to have problems with units coming back online. Exxon Corp. said that its catalytic cracker at the Benecia, California refinery has been shut for "several weeks" for undisclosed repairs. The unit was closed as Exxon tried restarting the cracker which was shut in January for routine maintenance. Atlantic Richfield Co. had to shut its hydrocracker and catalytic cracker last week following a partial power outage at the Carson, California refinery. Traders speculated that the units would be down for at most two days, however, the units are expected to return the end of this week. In Los Angeles, March gasoline meeting California Air Resource Board standards was discussed at 84-85 cents, 16 cents higher than Friday. April gasoline was seen at 80-81 cents a gallon. In San Francisco, March CARB gasoline rose 14.50 cents today to 82-85 cents. Conventional, or "clear", gasoline traded around 79-82 cents. April gasoline futures on the New York Mercantile Exchange closed 1.78 cents higher at 49.42 cents, while Nymex heating oil settled at 42.39 cents, up 1.70 cents. Members of the Organization of Petroleum Exporting Countries are gathering this week in Vienna to vote on an agreement with non-OPEC members to reduce output by 2 million barrels-a-day. OPEC members are concerned with the worldwide crude oil glut that led to a 12 year low for crude oil back in December. -------------------------------------------------------------------------------- © Copyright 1999, Bloomberg L.P. All Rights Reserved.