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Chevron fire expected to spark jump in prices at the gas pump
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A significant fire at Chevron's El Segundo refinery, California's second-largest, is poised to impact gasoline prices for Southern Californians. The blaze, which erupted Thursday evening in a jet fuel production unit, has residents concerned. While the extensive 1,000-acre complex sustained seemingly minor visible damage by Friday morning, the refinery's operational status is key to price fluctuations. This facility is a critical supplier, responsible for approximately one-fifth of the region's motor fuels and 40% of its jet fuel. Experts warn that such incidents, especially when combined with ongoing refinery maintenance across the state and the planned closure of other facilities, can quickly drive up wholesale prices, leading to higher costs at the pump. The duration of the refinery's downtime will ultimately determine the severity of any price surge. If you like our content, don't forget to like and subscribe to our channel, NEWS TODAY.
https://www.latimes.com