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Hurricane Isaac

Gasoline Gains as Flooding Slows Louisiana Refinery Start

By Barbara Powell – Sep 10, 2012 4:34 PM GMT+0100

Gasoline gained after a report that flooding and mechanical issues have slowed the startup of Motiva Enterprises LLC’s Convent, Louisiana, refinery as it tries to return to production after Hurricane Isaac.

Futures rose as Motiva expects to need another week to get the main production units running at the 255,000-barrel-a-day plant, according to two people familiar with operations. Three refineries in the Gulf Coast are starting and six are at reduced rates after the storm, which knocked out 13 percent of the area’s refining capacity when it struck Aug. 29. read more

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