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US gas prices spike; refinery problems cited

Gas Prices

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.

 

Chevron Cuts Jobs, Puts Refinery On The Block

It picked a bad time to sell a refinery in the developed world, but Chevron lightens up to focus on Asia and gas.

 

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