REFINERY FIRE MAKES CALIFORNIA GAS PRICES EXPLODE

News
by: Los Angeles Times
Tuesday, August 7, 2012
Refinery fire makes California gas prices explode

Smoke and flame billow from a crude oil unit at the Chevron refinery in Richmond, Calif., Monday, Aug. 6. The facility makes high-quality products that include gasoline, jet fuel, diesel fuel and lubricants, as well as chemicals used to manufacture many other useful products. Photo Credit:AP

The fire at Chevron Corp.’s Richmond oil refinery is having an immediate impact on spot prices for the state’s expensive blend of unfinished gasoline, sending them higher by as much as 30 cents a gallon over what it cost a day earlier, according to fuel price experts. …

Chevron’s 110-year-old Richmond refinery is one of 21 in California, according to the state’s Energy Commission, but only 14 of those make CARBOB gasoline, which is the nation’s most expensive blend. …

Currently, the average price for a gallon of regular gasoline in California is $3.859, up 0.6 cents overnight and up by 5.7 cents since last week, according to the AAA Fuel Gauge Report.

 

 

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Read the original article at The Los Angeles Times

Read more:http://times247.com/articles/calif-readies-for-gas-price-spike-after-refinery-fire#ixzz22tiKK5gM

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