Pacific Northwest gasoline prices were bid and offered higher on Monday following a fire over the weekend at Phillips 66’s refinery in Ferndale, Washington.
“On Friday, a small fire occurred at the Ferndale Refinery. Emergency responders from Phillips 66 immediately extinguished the fire. There were no injuries and the incident is under investigation,” a spokesperson for Phillips 66 said.
The company did not say whether the fire had impacted operations, or which units were impacted by the fire.
Prompt gasoline was bid at a 42-cent a gallon premium to the NYMEX and offers were at a 52-cent a gallon premium, up nearly 10 cents from Friday.