Platts to discontinue USGC LS Diesel assessments

Platts had announced that it would discontinue its on-road US Gulf Coast LS Diesel pipeline assessments once Colonial Pipeline stops accepting on-road LSD for shipment. Colonial Pipeline on May 18, 2010, announced that it will stop shipping on-road LSD at origin after the 31st cycle, which schedules on June 1, 2010.

Platts will stop assessing Colonial Pipeline on-road LSD after June 1.

Colonial had previously announced the 30th cycle as the last cycle for shipment for on-road LSD, scheduling May 25, 2010. The discontinuation is due to the US Environmental Protection Agency's ban on refiners producing 500 ppm low sulfur diesel fuel for domestic on-road use after June 1.

Platts will continue to assess its US Gulf Coast waterborne LSD assessment until it is deemed unnecessary. The on-road LSD pipeline assessment is published on Platts Global Alert page 571, Oilgram Price Report, US Marketscan, and Platts Dispatch, as well as an intraday Platts Cash Indications page 298.

Please send all questions to Matthew Kohlman, matthew_kohlman@platts.com, and David Ruisard, david_ruisard@platts.com, with a cc to pricegroup@platts.com.