US EditionChevron Adjusts Refinery Operations After Fire, Experts Warn California Gas Prices Could Rise
The Chevron refinery processes 16% of California's gasoline and the fire caused outages in key units, prompting experts to predict a 10 to 20 cent per gallon price increase soon.
- As of Monday, Oct. 6, AAA reported Riverside County's average regular gasoline rose eight-tenths of a cent to $4.611.
- Thursday night an explosion ignited a fire at 9:30 p.m. in a furnace tied to the Hydrocracker/ISOMAX complex at Chevron's El Segundo refinery, and Chevron said it is making operational adjustments while investigating the blaze and stabilizing the site with intermittent flaring.
- Emergency crews from El Segundo and Manhattan Beach contained the blaze to one area and extinguished it by Friday, while the site experienced multiple unplanned flare events; nearby residents were asked to stay indoors.
- Experts warn gas prices could rise between 5 and 15 cents soon, while Shon Hiatt said prices may climb 13 cents weekly if the refinery stays offline; some Los Angeles stations already top $5.30.
- Because the refinery supplies the Port of Los Angeles, Port of Long Beach, and major military bases, the El Segundo refinery's 280,000 barrels per day capacity represents more than 16% of California's refining capacity.
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Chevron’s El Segundo refinery produces one fifth of gasoline for motor vehicles and 40% of aircraft fuel for Southern California
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Chevron adjusts refinery operations after fire, experts warn California gas prices could rise
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