COMMENTARY Postings Slide

With the exception of a single seller on the Dixie Pipeline, all other principal postings declined Thursday compared to the Monday email Update, sliding a minimum of a half cent but as much as 3 cents. The moves down built on losses of a penny to 3 cents early in the week. Conversely, in the West the majority of Los Angeles postings added 2 cents between the two reporting periods.
Postings on the Dixie at Apex, N.C. fell 1 to 2 cents, shifting prices to a low of 117.75 cents and a high of 119.29 cents/gal. At Conway, Kan., postings shed a half cent to 1.5 cents, and prices were from 108.50 to 109.57 cents.

TEPPCO postings at Selkirk, N.Y. lost a half cent to 3 cents compared to Monday, and prices were from 128.83 to 130.88 cents/gal. Mont Belvieu postings, which ranged from 112.874 to 114.50 cents, gave up 0.75 to 3 cents.

NGL Supply Wholesale LLC dipped a penny at Apex; Crestwood Services 1.25 cents; Martin Gas Sales 1.5 cents; and Alliance Energy Services, Enterprise Products, and NGL Supply Ltd. 2 cents/gal. CHS/Cenex held firm. Targa Resources at Hattiesburg, Miss. on the Dixie was off 1.5 cents.

At Conway, CHS/Cenex was a half cent lower, while Alliance Energy Services and Crestwood Services discounted a penny. NGL Supply Wholesale slipped 1.5 cents. Enterprise Products at Kearney, Mo. softened by 0.75 cents.

CHS/Cenex gave up 0.5 cents at Selkirk; DCP/GSR 1.25 cents; Enterprise Products 2.25 cents; and Crestwood Services and NGL Supply Wholesale 3 cents/gal.

At Mont Belvieu, CHS/Cenex shed 0.75 cents; Enterprise Products and Targa Resources 2 cents; and Martin Gas Sales 3 cents/gal.