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Will Chevron Refinery Fire Affect Bay Area Gas Prices?

If production at Chevron is negatively affected by the recent fire, gas prices could spike.

A fire at a crude unit at the Chevron Refinery in Richmond on Monday could drive up Bay Area gas prices. 

Bay Area drivers saw first-hand the affect of a breakdown in the supply chain in July. A at the Valero Benicia refinery on July 26 affected production at the 170,000-barrel-a-day refinery and gas prices went up. 

Gasoline is like all commodities: When the supply is cut and there is no corresponding decrease in demand, the price increases. The size of the increase will depend on how much and for how long the supply is affected.

Between 9 and 9:30 p.m. Monday, Benicia Patch Editor JB Davis took pictures of all the gas stations in downtown Benicia.

Over the next few days Patch will keep an eye on Benicia gas prices.

More coverage of the Chevron refinery fire:

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If there’s something in this article you think should be corrected, or if something else is amiss, call editor JB Davis at 707-628-0051 or email him at benicia@patch.com.

Billy August 07, 2012 at 08:49 PM
Of course it will. The oil industry consistently grasps at any excuse it can as a reason that prices must be raised. Listening to their explanations is like watching John Lovitz's old "That's the ticket" SNL routine.
JB Davis August 07, 2012 at 11:46 PM
I'll be making the rounds shortly in downtown Benicia to see how prices are looking. I heard a woman at the post office say the price went up 3 cents at her local station in Cordelia. Has anyone else seen prices rise yet?

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