75°
Mostly sunny
SAT
 84°
 55°
SUN
 83°
 54°
MON
 83°
 58°
TUE
 81°
 56°
WED
 79°
 55°

Experts: Richmond refinery fire will boost gas prices

  • People view the fire at the Chevron Richmond Refinery in Richmond, Calif., Monday, Aug. 6, 2012. The fire, first reported at 6:40 p.m. Monday, is burning in a process unit at the refinery, officials said. It was sending smoke over the cities of Richmond and San Pablo. (AP Photo/San Francisco Chronicle, Lance Iversen) NORTHERN CALIFORNIA MANDATORY CREDIT PHOTOG & CHRONICLE; MAGS OUT; NO SALES

RICHMOND — A major fire at one of the country's biggest oil refineries that sent scores of people to hospitals with breathing problems will push gas prices above $4 a gallon on the West Coast, analysts said Tuesday.

The fire, which sent plumes of black smoke over the San Francisco Bay area, erupted Monday evening in the massive Chevron refinery about 10 miles northeast of San Francisco.

It was out early Tuesday, although officials were still conducting a controlled burn.

The West Coast is particularly vulnerable to spikes in gasoline prices because it's not well-connected to the refineries along the Gulf Coast, where most of the country's refining capacity is located, analysts say.

Chevron's refinery is particularly big and important to the market, said Tom Kloza, chief oil analyst at Oil Price Information Service.


© The Press Democrat |  Terms of Service |  Privacy Policy |  Jobs With Us |  RSS |  Advertising |  Sonoma Media Investments |  Place an Ad
Switch to our Mobile View