Texas City Explosion – Higher Gas Prices?

Texas City has never been on the list of places I’d want to live. Though we need the chemicals produced in that region (the chemical plants stretch from Texas City up the Houston Ship Channel quite a ways), the pollution is pretty bad and the explosions pretty frequent. This BP plant makes 3% of the US gasoline supply. Not knowing whether the production of gasoline will be affected by the explosion or not (and I have trouble seeing how it won’t be), fear alone will likely drive up prices.

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