US gasoline prices rise after blasts at Philadelphia refinery | Financial Times:
US gasoline prices jumped after a large fire and explosions were reported at the Philadelphia Energy Solutions oil refinery, the largest on the Atlantic coast.
Wholesale gasoline futures for delivery into New York harbour next month were up 3.2 per cent on Friday at $1.8440 a gallon, outstripping gains in crude oil, which was up 0.9 per cent.
The refinery dates to Pennsylvania’s 19th-century oil boom and lies less than a mile from residential areas of South Philadelphia. City emergency responders reported a vat of butane had exploded on-site shortly after 4am on Friday, but reported no injuries. The company did not respond to requests for comment.
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