Yesterday's fire at Chevron’s (CVX) El Segundo refinery reportedly damaged equipment associated...

|About: Chevron Corporation (CVX)|By:, SA News Editor
Yesterday's fire at Chevron’s (CVX) El Segundo refinery reportedly damaged equipment associated with the plant’s fluid catalytic cracker. El Segundo supplies 40% of the jet fuel to Los Angeles International Airport and 20% of the region’s gasoline. Retail gasoline prices in the L.A. area have risen 10.6 cents since Dec. 27 to an average of $3.69/gal, ~$0.39 above the latest national average of $3.30/gal.