California's Sky-High Gas Prices Could Be About to Spike
Summary
A fire broke out at Chevron’s El Segundo refinery in Los Angeles County. This refinery provides a significant amount of motor fuel to Southern California, and the fire may lead to higher gas prices in the area. Chevron confirmed there were no injuries, and authorities are assessing the damage.Key Facts
- A fire occurred at Chevron's El Segundo refinery after an explosion.
- The refinery supplies about 20% of motor fuel to Southern Californians.
- Californians already pay the highest gas prices in the U.S., around $4.64 per gallon.
- Experts predict local gas prices may rise between 35 and 90 cents per gallon following the fire.
- The El Segundo refinery is Chevron’s second largest in the U.S., processing up to 290,000 barrels daily.
- Emergency services responded quickly, and no evacuation orders were issued.
- The fire was contained by the next morning, but the cause is still under investigation.
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