COMMENTARY: Postings Climb

News
Principal postings hardened considerably Thursday, Feb. 19, with prices firming a minimum of 3 cents but as much as 9.75 cents compared to the Friday, Feb. 13 Update. The steepest increases appeared on TEPPCO and on the Dixie Pipeline. Conversely, on the West Coast Los Angeles postings shed 3 to 8 cents over the same period.

Postings on the Dixie at Apex, N.C. were 3 to 6 cents higher, shifting prices up to a low of 73.00 cents and a high of 74.83 cents/gal. Conway, Kan. postings climbed 3.25 to 4.75 cents between the two reporting periods, and prices were from 60.00 to 62.75 cents.

TEPPCO postings at Selkirk, N.Y. jumped 6.5 to 9.75 cents from the previous Friday, and prices were from 93.49 to 97.80 cents/gal. Mont Belvieu postings, which continued to hold a wide range from 68.00 to 80.00 cents, gained 3 cents to a nickel.

Alliance Energy Services and Enterprise Products added 3 cents at Apex; Crestwood Services 3.25 cents; Martin Gas Sales 4.5 cents; CHS/Cenex a nickel; NGL Supply Ltd. 5.5 cents; and NGL Supply Wholesale LLC 6 cents/gal. Targa Resources’ posting at Hattiesburg, Miss. on the Dixie climbed 3 cents.

At Conway, CHS/Cenex and Crestwood Services moved up 3.25 cents; Alliance Energy Services 3.5 cents; and NGL Supply Wholesale 4.75 cents/gal. Enterprise Products at Kearney, Mo. was 3 cents higher.

Enterprise Products was 6.5 cents stronger at Selkirk; NGL Supply Wholesale 6.75 cents; CHS/Cenex 7.25 cents; DCP/GSR 9 cents; and Crestwood Services 9.75 cents/gal.

At Mont Belvieu, CHS/Cenex and Targa Resources rose 3 cents; Martin Gas Sales 4.5 cents; and Enterprise Products 5 cents/gal.

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