Gas prices in the northeast could rise after Philadelphia Energy Solutions announced it's closing the largest oil refinery on the East Coast
The company announced the decision after the refinery erupted into a massive fire and explosion last week. It's the 10th largest refinery in the US and refines about 335,000 barrels of crude oil a day, according to the company's website.AAA spokeswoman Jenifer Moore said the closure of the largest oil refinery on the East Coast will likely have an impact on gas prices in and around the region.
I want to thank our employees for their hard work and dedication and to thank the Philadelphia community for their support. We are committed to an orderly process to safely wind down our operations."The company plans to sell the refinery complex, Smith added.
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