COMMENTARY Most Postings Dip

Most principal postings declined Thursday, Dec. 18, backing off a minimum of an odd 0.35 cents but as much as 3.75 cents compared to the Monday email Update. There was a scattering of increases in the Midwest, on TEPPCO, and at Mont Belvieu. The additions ranged from a quarter cent to 1.32 cents. Two sellers held firm in the Midwest.

Postings on the Dixie Pipeline at Apex, N.C. shed a penny to 3.75 cents or gained 1 cent, shifting prices to a low of 64.54 cents and a high of 68.50 cents/gal. Postings at Conway, Kan. were either off 0.75 cents, up a quarter cent, or the same, and prices were from 55.75 to 58.00 cents.

TEPPCO postings at Selkirk, N.Y. slipped 0.35 cents to a half cent or climbed 0.5 to 1.5 cents over the week. Prices were from 81.26 to 83.76 cents/gal. Mont Belvieu postings, which held a wide range from 63.50 to 78.00 cents, declined a penny to 2 cents or rose 1 to 1.25 cents.

Crestwood Services and NGL Supply Wholesale LLC lost a penny at Apex; Martin Gas Sales 1.25 cents; Alliance Energy Services and Enterprise Products 1.5 cents; and CHS/Cenex 3.75 cents/gal. NGL Supply Ltd. added a penny.

At Conway, NGL Supply Wholesale gave up 0.75 cents and Alliance Energy Services jumped a quarter cent. CHS/Cenex and Crestwood Services did not move.

DCP/GSR shaved off 0.35 cents at Selkirk and Enterprise Products a half cent. CHS/Cenex rose a half cent; Crestwood Services 1.32 cents; and NGL Supply Wholesale 1.5 cents/gal.

At Mont Belvieu, Targa Resources was a penny lower and Martin Gas Sales 2 cents/gal. Enterprise Products was a penny higher and CHS/Cenex was up 1.25 cents.