United States Gasoline Fund LP (UGA): BP sees Texas City, TX refinery full con...

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Wednesday, 04/30/2008 7:01:10 AM

Wednesday, April 30, 2008 7:01:10 AM

BP sees Texas City, TX refinery full contribution end 2008
Tue Apr 29, 2008 10:57am EDT
LONDON, April 29 (Reuters) - BP expects its Texas City, Tx refinery to reach "full economic contribution" by the end of the year as units continue to return to service.

Byron Grote, chief financial officer, told a conference call with analysts that the crude distillation capacity at the troubled refinery is now over 400,000 barrels per day.

The refinery has been operating at about half of its crude distillation capacity since it returned from its shutdown ahead of Hurricane Rita in September 2005.

An ultraformer is expected to come online in the second half of the year, which will allow for naphtha upgrading. (Reporting by Janet McGurty; editing by James Jukwey)

http://www.reuters.com/articlePrint?articleId=USL2992676720080429

Does this mean no $4 gasoline?

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