Chevron oil refinery fire could raise California pump prices by a dollar, analyst says

Core Insights - California motorists may face an increase of nearly one dollar per gallon for gasoline due to a fire at Chevron's El Segundo refinery near Los Angeles [4] Company Impact - The fire at Chevron's El Segundo refinery is expected to significantly affect gasoline prices in California, potentially leading to a price hike of nearly one dollar per gallon [4] Industry Implications - The incident highlights the vulnerability of refinery operations to disruptions, which can lead to immediate and substantial impacts on fuel prices in the region [4]