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How Much Will the Chevron Refinery Fire Affect Gasoline Prices?

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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

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Submitted Aug 10, 2012 By: mastermariner
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REPLIES (newest first)
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PDQBlues
Champion Author San Diego

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Message Posted: Aug 10, 2012 3:45:26 PM
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In California, expect a large increase in gas prices.
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voyagerkim
All-Star Author Los Angeles

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Message Posted: Aug 10, 2012 12:55:19 PM
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More excuses to raise prices and make more $$$!!!
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WalRus49
Champion Author Boston

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Message Posted: Aug 10, 2012 7:37:54 AM
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More organized mayhem and pillage................
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steben11
Veteran Author Montreal

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Message Posted: Aug 10, 2012 7:31:30 AM
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À good reason raise the price and keep more profit
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FPLREP
Champion Author Virginia

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Message Posted: Aug 10, 2012 7:06:32 AM
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They must produce a lot of gas as it has raised prices here in SE Virginia.!
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brbaritone
Champion Author Virginia

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Message Posted: Aug 10, 2012 6:36:30 AM
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'Excuse of the week.' What will it be next week?
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esq262
Champion Author Asheville

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Message Posted: Aug 10, 2012 6:34:35 AM
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Just the news will cause a spike.
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gs7101
Champion Author San Antonio

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Message Posted: Aug 10, 2012 6:05:53 AM
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Another excuse to increase gas prices!
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OHMS
Champion Author Orange County

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Message Posted: Aug 10, 2012 4:35:23 AM
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it depends on many variables; we'll see soon enough.
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me2too4c
Veteran Author New York

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Message Posted: Aug 10, 2012 4:23:52 AM
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Anything for these gas giants to make a profit at the expense of the working class
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TXryder
Champion Author Texas

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Message Posted: Aug 10, 2012 2:40:46 AM
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The price jump is just a bunch of speculative manipulation.
Gasoline inventory for the west coast was up slightly this week and had only dropped slightly last week so apparently this refinery is NOT a crucial supplier.
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mike56MI
Champion Author Michigan

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Message Posted: Aug 10, 2012 2:11:12 AM
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Of course.
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KE4YBZ
All-Star Author Knoxville

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Message Posted: Aug 10, 2012 1:42:55 AM
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I really wish the Government had it's own refinery sitting right next to each strategic oil supply field... that way if a refinery goes down, another could be brought on line, albeit temporarily, to stabalize the marketplace.
...but that would be asking a bit much... huh?
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emcGas
All-Star Author College Station

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Message Posted: Aug 10, 2012 1:38:57 AM
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ok
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djgunrunner
Champion Author Salt Lake City

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Message Posted: Aug 10, 2012 1:12:41 AM
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The Speculators did it again. Where there is confusion there is profit.
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99
Sophomore Author Wisconsin

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Message Posted: Aug 10, 2012 1:05:41 AM
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nice
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Amplion
Champion Author Oregon

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Message Posted: Aug 10, 2012 12:45:24 AM
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Chevron should make a good profit from this fire !!!
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TIGERPAW46
Champion Author Florida

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Message Posted: Aug 10, 2012 12:17:42 AM
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Gouge, Gouge: Excuse # 350.

[Edited by: TIGERPAW46 at 8/10/2012 1:18:21 AM EST]
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ShadowACE
Champion Author Boston

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Message Posted: Aug 10, 2012 12:08:01 AM
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Who do they think they're kidding? We know that a fire in a (wastebasket in a restroom at a) refinery in California means that the pump price on the east coast will increase by at least 35-40 cents/gallon within a couple of weeks.
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LostInNY
Champion Author New York

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Message Posted: Aug 10, 2012 12:05:37 AM
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Ha, any excuse to raise prices and then they take forever (read never) to drop
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mastermariner
Champion Author Texas

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Message Posted: Aug 10, 2012 12:05:05 AM
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Plenty
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BJWI
Champion Author Milwaukee

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Message Posted: Aug 10, 2012 12:04:54 AM
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What, now refineries are resorting to arson to jack up the prices .... how low will they go?
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shores4now
Champion Author Kentucky

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Message Posted: Aug 10, 2012 12:04:29 AM
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any excuse to raise the prices
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Ron77095
Champion Author Houston

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Message Posted: Aug 10, 2012 12:03:37 AM
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ugh.
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DandyDapple
All-Star Author North Dakota

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Message Posted: Aug 10, 2012 12:03:18 AM
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...
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Rooster922
Champion Author Wilmington

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Message Posted: Aug 10, 2012 12:03:17 AM
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What fire? What Chevron?
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jferrara41
All-Star Author Pennsylvania

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Message Posted: Aug 9, 2012 11:58:06 PM
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probable high
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MikeCapeCoral
Champion Author Cape Coral

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Message Posted: Aug 9, 2012 11:57:26 PM
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We are still in the "any excuse game" for now.
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Saunch2012
Veteran Author Pennsylvania

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Message Posted: Aug 9, 2012 11:55:19 PM
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ok
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TBONE3
Champion Author Pennsylvania

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Message Posted: Aug 9, 2012 11:54:14 PM
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Should not raise prices at all and seldom did in the "Old Days" BUT we are in differents times so they will raise prices as much as they think the public can stand - not afford - but STAND!
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gmcgas
Champion Author Atlanta

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Message Posted: Aug 9, 2012 11:53:53 PM
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depends on how much they want it to rise.
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boogerbear41
Rookie Author Los Angeles

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Message Posted: Aug 9, 2012 11:51:26 PM
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That's "new" news?
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alterman156
Champion Author New York

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Message Posted: Aug 9, 2012 11:50:46 PM
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A few stations in my area jumped their price by 10¢ per gallon.
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pumaMN
Champion Author Minnesota

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Message Posted: Aug 9, 2012 11:45:20 PM
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wow
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kitty1750
Champion Author Kitchener-Waterloo

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Message Posted: Aug 9, 2012 11:45:13 PM
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As much as they can!! :)
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Kawibiker
Champion Author Illinois

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Message Posted: Aug 9, 2012 11:44:35 PM
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They are going to stick it to you just like they did us in the midwest when the pipeline broke...
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JohnofGB
Champion Author Flint

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Message Posted: Aug 9, 2012 11:41:43 PM
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They will gouge the west coast for all they can.
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steve621
Champion Author Wilmington

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Message Posted: Aug 9, 2012 11:41:10 PM
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what ever
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dwh724
Champion Author Pittsburgh

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Message Posted: Aug 9, 2012 11:36:09 PM
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Okay
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