• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 10 days Does Toyota Know Something That We Don’t?
  • 4 days America should go after China but it should be done in a wise way.
  • 10 days World could get rid of Putin and Russia but nobody is bold enough
  • 3 hours "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 11 days China is using Chinese Names of Cities on their Border with Russia.
  • 22 hours Even Shell Agrees with Climate Change!
  • 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 12 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 13 days Putin and Xi Bet on the Global South
  • 13 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
Iraq Moves to Take Control of Kurdistan's Finances

Iraq Moves to Take Control of Kurdistan's Finances

The Iraqi federal government is…

Mexico's President Has Failed to Deliver on Clean Energy Promises

Mexico's President Has Failed to Deliver on Clean Energy Promises

Mexico's clean energy transition suffers…

How Much Will the Chevron Refinery Fire Affect Gasoline Prices?

The fire at Chevron’s refinery in Richmond, California is expected to cause gasoline prices to rise, although analysts do not yet know by how much. They are waiting until Chevron releases a full report on the damage done to the plant.

Due to initial fears of a severe loss of supply from the plant the cost of gasoline rose 30 cents a gallon the day after the fire, but has since started to fall again as Chevron manage to reopen a part of the refinery in order to continue producing small amounts of hydrocarbon fuels.

Tom Kloza, chief oil analyst for the Oil Price Information Service, said that by Monday “you should see California gasoline prices at or near $4 a gallon again.”

A second, smaller fire broke out yesterday, causing fears that the facility is still unstable, although Chevron  claim that it was only small, “resulted in no injuries, presented no immediate threat to the public, and was extinguished in minutes.”

In order to access the main section where the fire occurred, Chevron must wait whilst California’s Division of Occupational Safety and Health compiles a structural engineering report of the area in order to determine if it is safe to be explored.

Agency spokesman Peter Melton said that “they don't want anyone going into the area until they are sure it is safe and that no one is put at risk.”

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage



Leave a comment
  • Steve on August 23 2012 said:
    i dont understand how refineries work. does chevron produce oil for shell, exxon etc and vice-versa? i'm wondering this because i'd think that only chevron gas should rise after a refinery fire but that's not the case,.. everyone's price rises. Is the rise in price happening because the corner chevron went up so all the rival stations are rasing their prices to follow suit even though they're not actually paying more for their gas,.. or do major refineries like the chevron one actually produce oil for all the labels?.. thanks.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News