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US gas prices spike; refinery problems cited

A surprise surge in gasoline prices is taking some of the fun out of summer. The national average for a gallon of gas at the pump has climbed to $3.67, a rise of 34 cents since July 1. An increase in crude oil prices and problems with refineries and pipelines in the West Coast and Midwest, including a fire in California, are mostly to blame.

Senh: What? One oil refinery fire in Richmond, California, and gas prices go up. Damn.

Big Bay Area refinery blaze extinguished; plant idled

A massive fire that shut down Chevron Corp's large Richmond, California, refinery on Monday, was extinguished by the early hours of Tuesday, Chevron said, leaving residents and oil traders seeking answers to the hours-long blaze.

Senh: Oil traders were seeking answers to refinery fire in Richmond, CA? Dang, that guys are hardcore traders.

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