Be Prepared to Pay More for Gas After Torrance Refinery Explosion
<p>The explosion this morning at an ExxonMobil refinery in Torrance came at a bad time for fuel prices.</p>
<p>After a benevolent winter of relatively low rates, wholesale gas prices have nearly doubled since mid-January, says Tom Kloza, chief oil analyst at the Oil Price Information Service.</p>
<p>If ExxonMobil shutters the Torrance facility, its only California refinery, it could add .15 cents a gallon to the current price spike, he said.</p>
