The fire broke out at the Marathon Petroleum’s Garyville refinery Friday morning, WDSU-TV in New Orleans reported.
While the fire was extinguished on Monday, it still remains shut down, according to NOLA.com, the website of the New Orleans Times-Picayune.
The WSJ reported that the fire also led to a two-mile radius evacuation order.
“Out of an abundance of caution, the facility began a shutdown process of units closest to the fire this morning,” Marathon said in a statement Friday, The Wall Street Journal reported.
“As the fire-suppression efforts continue to progress, facility operations will continue to be evaluated, with safety as our top priority.”
The shutdown led to a surge in future prices for gasoline and diesel fuel.
Diesel futures were 4.8 percent higher Friday at $3.31 a gallon, the highest price at the close of a day since Jan. 26.
Marathon’s Garyville oil refinery, were the fire started, is the third-largest refineries in the US, according to Reuters.
“This refinery is one of the largest in the US and, if accurate, could cause a low, yet far-reaching impact to #gasprices,” Patrick De Haan, an analyst for the website Gas Buddy, wrote on social media.
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