June 21, 2019 - 6:20 PM EDT
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Gas Prices Expected to Rise Following Philadelphia Oil Refinery Fire

gas prices

Gas prices are expected to rise on the East Coast after an explosion and fire broke out at the Atlantic Coast’s largest refinery early Friday. The Philadelphia Energy Solutions Refining Complex lit up the skies around 4 am after a vat of butane caught fire.

Although it is still too soon to predict how much of an impact the explosion will have on gas prices, gasoline futures were already up more than 3% by Friday afternoon. Oil prices are also rallying, with Brent crude increasing 0.8% to $65 per barrel and West Texas Intermediate crude up ...

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Source: StreetSignals (June 21, 2019 - 6:20 PM EDT)

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