Refinery Explosion Driving Gas Price Concern - KCBD NewsChannel 11 Lubbock

2/18/08

Refinery Explosion Driving Gas Price Concern

People on the South Plains are watching area gas prices following Monday's refinery explosion in Big Spring.

NewsChannel 11 has learned the refinery is a major supplier for west Texas and neighboring states.  Now, folks are concerned we could see even higher prices, and Congressman Randy Neugebauer says it is a possibility.

"Any time we have a little hiccup here in the supply chain it always has that potential to do that," Neugebauer said. 

He says the country is on a tight supply, and we haven't built any new refineries in more than 30-years. The refinery in Big Spring is 75-years-old its self.

It cranks out 70,000 barrels a day, providing gas and diesel for west Texas, New Mexico, and Arizona.  With production at a stand still Monday night, that could raise gas prices.

Neugebauer hopes they can move resources around so the explosion won't impact people too much. NewsChannel 11 will keep tracking prices, and let you know the latest effects, if any.

2/18/08
Oil Refinery Explosion Shakes Big Spring
Around 8:20 a.m. Monday an explosion at the Alon Oil Refinery in Big Spring jolted the small town and that same explosion could be felt as far as Lubbock. NewsChannel 11's Justin Michaels reports from the scene.

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