The February 2015 explosion that shuttered the ExxonMobil plant in
Torrance was the costliest disruption at a California refinery in the
past 16 years, with motorists paying at least $2.4 billion in higher
pump prices in the following six months, according
to a recent RAND study.
Soaring prices stemming from the lost gasoline supply sucked a
staggering $6.9 billion from the California economy in the first six
months after the explosion alone.
But the total economic loss is likely more than double that
figure, RAND researchers noted. MORE