COMMENTARY Postings Edge Higher

Principal postings Thursday edged higher compared to the Friday, May 23 email update, gaining as little as a quarter cent but as much as 1.5 cents. A few sellers held their early-week prices, most significantly in the Midwest.

Postings on the Dixie Pipeline at Apex, N.C. were up that same 0.25 to 1.5 cents, although a single wholesaler held firm. Prices were from 113.70 to 116.50 cents/gal. At Conway, Kan., one posting rose a half cent, while no others moved, and prices were from 106.00 to 107.07 cents.

Most TEPPCO postings at Selkirk, N.Y. jumped a penny to 1.5 cents, shifting prices to a low of 127.22 cents and a high of 131.10 cents/gal. One seller held firm. Mont Belvieu postings, which ranged from 110.50 to 113.50 cents, climbed a half cent to 0.75 cents or stayed the same.

Alliance Energy Services and Enterprise Products were a quarter cent higher at Apex; Inergy Services a half cent; CHS/Cenex 1.25 cents; and Martin Gas Sales and NGL Supply Ltd. 1.5 cents/gal. NGL Supply Wholesale LLC did not change. Targa Resources’ Hattiesburg, Miss. posting on the Dixie added a penny.

At Conway, CHS/Cenex gained a half cent, while Alliance Energy, Inergy, and NGL Supply Wholesale held firm. Enterprise Products at Kearney, Mo. on MAPCO strengthened by 1.5 cents.
CHS/Cenex and Enterprise Products jumped a penny at Selkirk; Inergy an odd 1.37 cents; and DCP/GSR 1.5 cents/gal. NGL Supply Wholesale remained the same.

At Mont Belvieu, Enterprise Products and Martin Gas climbed a half cent, and CHS/Cenex 0.75 cents/gal. Targa Resources’ posting did not move.