Alon refinery shut by blast; gasoline at historic high

SAN FRANCISCO (MarketWatch) — Alon USA Energy Inc. said Tuesday that an explosion and fire temporarily shut production at its Texas refinery, 290 miles west of Dallas.

The accident drove gasoline prices to an historic high Tuesday. Crude futures also rallied.


… Based on a preliminary assessment, Alon is aimed to resume partial operations in approximately two months, said Jeff D. Morris, Alon’s president and chief executive, said in the company’s statement.

Alon USA, which is majority-owned by Alon Israel Oil Co., markets gasoline and diesel products under the Fina brand and produces asphalt. Alon also operates more than 300 convenience stores in western Texas and New Mexico, primarily under the 7-Eleven and Fina brands.

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