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Firefighters have contained a fire that erupted yesterday at Chevron's (CVX) Richmond refinery...

  • Tuesday, August 7, 2012, 8:14 AM ET
    Firefighters have contained a fire that erupted yesterday at Chevron's (CVX) Richmond refinery in Northern California, but the facility is still burning. The damage and the likely outage of some or all of the 245K bbl/day facility could push gasoline prices higher for consumers in the western U.S., since it accounts for nearly 10% of the refining capacity in the region.
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    California does not like oil..or Refineries..and they like high gas prices...good for them and their strong economy...lol....
    7 Aug 2012, 08:16 AM Reply Like
  •  
    Expect a quick jump at the pump on the coast as the article states. BP said there would be no effect on pump prices when Cherry Point was down for months, but that isn't how it turned out. Tesoro and other west coast refiners should see nice margins for a while.
    7 Aug 2012, 09:32 AM Reply Like
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