Bay Area Drivers Could Feel Gas Price Spike After Southern California Refinery Fire

October 3, 2025

CBS News

Severin Borenstein, Energy Institute Faculty Director, sheds light with CBS News on the gasoline supply disruption occurring following the refinery fire in El Segundo, as well as potential ways to address rising prices.

“‘This could be a real price shock to the California gasoline market. It would start in Southern California, but it would also impact Northern California,’ said Severin Borenstein, an energy professor and economist at UC Berkeley.”

Read more on gas price spikes at: Los Angeles Times, The Sacramento Bee, & San Francisco Chronicle

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