Fire breaks out at Chevron’s El Segundo, California refinery

© Reuters. FILE PHOTO: Gas prices are advertised at a Chevron station as rising inflation and oil costs affect the consumers in Los Angeles, California, U.S., June 13, 2022. REUTERS/Lucy Nicholson

(Reuters) -Crews were working to extinguish a fire that broke out at Chevron (NYSE:)’s oil refinery in El Segundo, California on Tuesday, KTLA 5 reported on its news website.

Chevron, which operates the 269,000 barrel-per-day refinery, was not immediately available for comment.

The report did not specify any further details.

The incident comes at a time when California gasoline prices are approaching $1 a gallon on top of December NYMEX RBOB futures amid planned work at Marathon’s 363,000 bpd Los Angeles Refinery and a power blip at Valero’s 145,000-bpd San Francisco plant.

California fuel markets are known for rapidly moving price increases as they are reliant on production from West Coast refineries and imports from Asia.

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