From: Forbes
When I filled up my hybrid’s gasoline tank last week, the pump price
had jumped 30 cents from my last fill-up. I said to myself,
“Hmmm…something’s going on.” Gasoline prices don’t just move up and down
on a whim. So when I found out about the refinery woes going on across the country, I wasn’t surprised.
A devastating explosion destroyed much of Exxon Mobil XOM +0.85%’s
Torrance refinery in California two weeks ago and severely cut into
America’s ability to make gasoline. Residents for miles around had to
cope with ash, gaseous fumes and really unhealthy air quality.
Add striking workers at nine other U.S. refineries to this explosive shutdown, and almost a fifth of America’s refinery output is in jeopardy because of continuing safety issues. MORE
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