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A fire at Chevron's El Segundo oil refinery is expected to immediately increase Southern California gas prices. The explosion damaged a jet fuel unit, but the extent of disruption to fuel production remains uncertain. With already tight supplies and other refineries facing closures, experts warn of a potential significant price spike if operations are halted for an extended period. The incident occurs amidst ongoing discussions about California's energy policies and refinery capacity.

Prepared by Christopher Adams and reviewed by editorial team.