Chevron refinery fire causes gas prices to surge in California
RICHMOND, Calif. — Chevron Corp. shut down its Richmond, Calif., refinery following a fire Monday, disrupting fuel output in the state and causing gas prices to surge.
The 240,000-barrel-a-day refinery is California’s third-largest crude-processing plant.
According to a statement from the company, the fire has been extinguished and officials are allowing a small controlled burn as a safety measure to reduce pressure.
“We will continue to work with government agencies to determine the cause of the incident and strive to see that it never happens again,” the company stated. “We will work hard to repair the refinery so that we can provide consumers with the fuel products they need.”
Gas prices in Los Angeles and San Francisco are expected to rise by 10 to 15 cents per gallon over the coming weeks as a result of the incident, according to the San Francisco Chronicle.