#refinery-fire

#refinery-fire

The potential for the price hike comes because there's less gasoline supply for California drivers while the El Segundo refinery is offline. A similar instance happened earlier this year, when a chaotic explosion and fire at the Martinez Refining Company sent the refinery offline and caused major supply issues. "That means that the burden is then spread out amongst fewer refineries to provide fuel for the general population on so many levels," McClain said.

A large fire has broken out at Chevron's El Segundo refinery in Los Angeles county in California, according to US media reports. The blaze began on Thursday night, after emergency services received reports of an explosion at the site, according to CBS news. The cause is unclear. Footage soon emerged showing a bright ball of orange flame against the night sky, followed by plumes of smoke.

"This fire incident leaves only Chevron's Richmond refinery operational, intensifying pressure on California gasoline prices as the peak driving season approaches."