HOUSTON (Reuters) - Gasoline in the Los Angeles spot market plummeted 27.5 cents on Tuesday as BP Plc continued restarting its 225,000 barrel-per-day Cherry Point, Washington refinery, traders said.
The refinery had halted the restart late last week and resumed the restart Monday. The plant was shut by a crude distillation unit fire in February and remained out of production for nearly three months.
Gasoline blended to meet California's strict environmental standards sold down to 26-cent premium on top of June NYMEX RBOB gasoline on Tuesday in the Los Angeles market, traders said.
(Reporting by Erwin Seba)