Oil Prices Jump Above $100 After Oil Refinery Fire
By: Amanda Salem
Updated: February 19, 2008
Oil prices jump above $100 a barrel after an oil refinery explosion in
AAA says gas prices jumped almost two cents at the pump on Tuesday. Oil prices per barrel closed above $100 for the first time Tuesday as well. Experts say it’s, in part, due to the explosion at the Alon Refinery in
The fire broke out after an explosion near a unit that processes propylene and propane. Firefighters contained the blaze within hours and had it extinguished by the end of the day.
The refinery produces almost 70,000 barrels of oil a day; which turns out to be about 1.3 million gallons of gas.
Alon
The refinery says they hope to resume partial operations in a matter of months.
