PHOENIX – A massive fire at a Southern California oil refinery is bad news for Arizona drivers, who could see gas prices soar well over $4 per gallon.
The question is, how much will Arizona gas prices go up? Matt McClean, a petroleum analyst from GasBuddy, said the Chevron refinery disaster in the Los Angeles suburb of El Segundo will definitely impact Grand Canyon State consumers.
“We do have a preliminary guess, and because no one, including the refinery owner, knows the extent of the damage right now, that’s why we’re calling it a guess,” McClean told KTAR News 92.3 FM’s The Mike Broomhead Show on Friday.
“But hold your breath: 35 up to 95 cents a gallon increase is a possibility across, really, the western part of the United States.”
Arizona gas prices normally fall this time of year
Arizona drivers were already paying an average of $3.54 per gallon of regular gas as of Friday, according to AAA, nearly 25 cents more than the same time a year ago and up almost 8 cents in the last month alone.
Gas is considerably more expensive in metro Phoenix, where the Friday average was $3.80, 50 cents higher than a year ago and nearly 9 cents higher than a month ago.
The Valley normally sees fuel prices go down this time of year as gas stations make the annual switch away from a costlier summer blend, which is required by the U.S. Environmental Protection Agency from June 1 through Sept. 30 to reduce pollutants.
In fact, the average metro Phoenix price was down about 4 cents in the last week. But that downward trend will likely go up in smoke in the wake of the refinery fire that broke out Thursday night.
How long will Arizona gas prices be elevated after refinery fire?
McClean said it’s too soon to predict how long Arizona gas prices will be elevated as a result of the blaze, which was largely under control, but still burning, as of Friday morning.
“We have to wait and find out exactly what may end up happening with regard to the extent of the damage, how long it’s going to take to repair,” he said. “It’s not a light switch … that we can flip back on and suddenly the refinery’s making gas again. I wish it worked that way; it just doesn’t.”
In the meantime, he’s advising Arizona drivers against changing their gas-buying habits.
“If everybody goes out and they try to top off their tank and fill up and create a surge in demand, that’s going to create a larger volume increase,” he warned.
