Customers pump gasoline at a gas station in the Bronx, where gas prices are over $3.00 per gallon, June 1, 2018 in New York.
Don Emmert | AFP | Getty Images
The permanent shutdown of the fire-damaged Philadelphia Energy Solutions refining complex could send gasoline prices higher across the U.S., but particularly in the mid-Atlantic region, where they could spike temporarily just around the time drivers fill up for Fourth of July holiday.
The refinery was the largest and oldest on the East Coast and accounts for about 27% of that region’s refining capacity. The 330,000 barrel a day refinery was closed following explosions and a massive fire last week.
Philadelphia Mayor Jim Kenney said he spoke with the CEO and leadership of the company Wednesday morning and confirmed earlier reports that PES intended to close within the next month.
“Gasoline futures prices rose 17 cents a gallon since the explosion last week. That’s going to be passed along to the consumer,” said Andrew Lipow,…