(CNBC) The fire turned the sky bright orange and shook the homes of startled residents. Some neighbors in South Philadelphia said debris rained from the sky into their neighborhoods after the explosions, according to NBC Philadelphia.
The outage occurred as the U.S. summer driving season kicks into high gear.
Gasoline futures jumped 4% on Friday. Because RBOB futures reflect New York harbor prices, they are especially impacted by an outage in a refinery in Philadelphia, an important regional refining hub. (Read More…)
A massive explosion in south Philadelphia ripped through the East Coast’s largest gasoline refinery complex Friday morning. https://t.co/Z4m4jI5muu pic.twitter.com/kHPojuWlKT
— CNBC (@CNBC) June 21, 2019
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