15 August 2011 23:21 [Source: ICIS news]
HOUSTON (ICIS)--Natural gasoline spot prices rose by 2% following the increase in crude prices rather than tightened supply from a pipeline leak of natural gasoline, a spot market trader said on Monday.
Natural gasoline spot trades reached a high of $2.29/gal on Monday, compared with a high of $2.245/gal on Friday. Comparably, propane and normal butane rose between 0.6-0.7%, and isobutane and ethane increased just over 1% from Friday.
Crude oil settled 2.9% higher at 87.88/bbl, compared with Friday.
Enterprise Products discovered a leak of natural gasoline into the Missouri River on Saturday morning from its Conway North natural gas liquids pipeline.
The leak was in a 10-mile section of the 33,600 bbl/day pipeline between Decatur, Nebraska, and Onawa, Iowa. The pipeline was immediately shut down, and the 10-mile section was isolated. Spokesman Rick Rainey said up to 140,000 gal of natural gasoline leaked into the river.
Rainey would not speculate on when the pipeline would be restarted.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections