The shutdown of the fire-damaged Philadelphia Energy Solutions refining complex could send gasoline prices higher across the U.S., but particularly in the mid-Atlantic region where they could spike temporarily.
The shutdown of the largest East Coast refiner could result in a short term spike in mid-Atlantic region gasoline prices, with one expert seeing a potential for a 20 cents per gallon move.
Customers pump gasoline at a gas station in the Bronx, where gas prices are over $3.00 per gallon, June 1, 2018 in New York.fire-damaged Philadelphia Energy Solutions refining complex Philadelphia Mayor Jim Kinney said he spoke with the CEO and leadership of the company Wednesday morning and confirmed earlier reports that PES intended to close within the next month.
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