Holly, Valero and Calumet stepped out with plans to raise their API Group I and II base stocks between 15 and 20 cents per gallon during the past week. These moves mirror the recently implemented ExxonMobil posted price amendments of the same amounts on June 11.
On Monday, June 14, Holly pushed up its Group I 70, 100 and 148 neutrals by 15 cents per gallon, while increasing its 250, 500 and bright stock grades by 20 cents/gal. The company also said that it is enforcing a 50 percent sales control on its bright stock. The program is expected to remain in place for the foreseeable future and is based on customers six-month historical volumes from November through May.
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