US Cash Products- Gulf Coast mogas up on refinery outage

NEW YORK, July 15 (Reuters) - Gasoline differentials in the U.S. Gulf Coast rose on Wednesday after news of gasoline unit outage at ConocoPhillips' (COP.N) Alliance refinery in Belle Chasse, Louisiana, traders said.

Differentials for conventional M2 gasoline rose more than a penny, pegged at about 7.50 cents under the August RBOB futures, up from 9 under on Tuesday.

Group Three gasoline differentials moved up also, pegged about half a penny higher.

ConocoPhillips will undertake two weeks of unplanned work on a gasoline-making fluid catalytic cracker at its 247,000-barrel-per-day Alliance refinery. [ID:nN15349870]

"They (Conoco) were buying yesterday," said one Gulf Coast cash oil trader.

"I am told it (FCC) is down ... I'm hearing maybe 2 weeks," he added.

The gains in gasoline differentials came despite news of data showing U.S. product builds last week.

Gasoline stocks increased to 214.6 million barrels, up 1.5 million, against expectations of a 1-million-barrel rise despite the Fourth of July holiday, according to the Energy Information Administration (EIA).

Distillates stockpiles edged up to a new 25-year high.