COMMENTARY: Most Postings Jump

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Although there were some discounts in evidence, most principal postings gained ground Thursday, some considerably compared to the Monday email Update. Prices either hardened by 0.75 cents to as much as 7 cents, shed the odd 0.13 to 2.25 cents, or in the case of one seller stayed the same.

Postings on the Dixie Pipeline at Apex, N.C. were higher by 2 to 6 cents, shifting prices up to a range of 75.50 to 80.75 cents/gal. Conway, Kan. postings were either up a penny or off a half cent, and prices were from 61.00 to 62.75 cents.

TEPPCO postings at Selkirk, N.Y. climbed a steep 3.25 to 7 cents between the two reporting periods or gave up 0.13 cents to 1 cent. Prices were from 98.82 to 111.80 cents/gal. Mont Belvieu postings, which ranged from 68.75 to 75.50 cents, strengthened by 0.75 cents, lost a penny to 2.25 cents, or held firm.

Martin Gas Sales and NGL Supply Ltd. discounted 2 cents at Apex; NGL Supply Wholesale LLC 3 cents; Crestwood Services a nickel; CHS/Cenex 5.25 cents; and Alliance Energy Services and Enterprise Products 6 cents/gal.

At Conway, Alliance Energy Services, CHS/Cenex, and Crestwood Services added a penny, while NGL Supply Wholesale shaved off a half cent.

CHS/Cenex’s posting at Selkirk strengthened by 3.25 cents; DCP/GSR 6 cents; and Enterprise Products 7 cents/gal. Crestwood Services was off an odd 0.13 cents, and NGL Supply Wholesale a penny.

At Mont Belvieu, CHS/Cenex gained 0.75 cents. Martin Gas Sales was a penny lower, and Enterprise Products discounted 2.25 cents/gal. Targa Resources’ posting did not move.

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