- U.S. gasoline prices move higher following an explosion and massive fire at the Philadelphia Energy Solutions refinery, the largest gas refinery on the east coast.
- There are no known casualties at the complex, which employs ~1,000 people.
- The crude section at the Girard Point portion of the 335K bbl/day refinery reportedly was shut down due to the fire.
- A fire broke out on June 10 at the same refinery, which is believed to have affected a 50K bbl/day catalytic cracking unit.
- Philadelphia Energy Solutions was formed in 2012 through a partnership between the Carlyle Group (NASDAQ:CG) and Energy Transfer (NYSE:ET) subsidiary Sunoco Inc.
- ETFs: UNG, UGAZ, DGAZ, BOIL, UGA, KOLD, UNL, GAZB