Update: Platts to assesses Buckeye Pennsylvania CBOB, PCBOB

Effective April 11, 2011, Platts will begin assessing Buckeye Pipeline shipments of CBOB and Premium CBOB for Pennsylvania, known as CBOB-PA and PCBOB-PA, respectively. The prices will be linked to Platts' front-month NYMEX RBOB futures assessments.

The assessments follow feedback from the industry citing Buckeye Pipeline's limit on RVP for Buckeye Pipeline CBOB and Premium CBOB shipments to the Pennsylvania (outside of Pittsburgh) at 9.0 psi pre-ethanol, which would imply 10.0 psi post-ethanol.

Platts' existing Buckeye CBOB and Premium CBOB RVP post-ethanol limit would remain at 9.0 psi, destined for locations outside of Pennsylvania, such as New York, using the Buckeye Pipeline system.

Buckeye CBOB-PA and PCBOB-PA prices will be published in Oilgram Price Report, US Marketscan and PGA page 14 and 570.

For questions or comments, please email americas_products@platts.com, and pricegroup@platts.com.