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Richmond oil refinery fire expected to raise gas prices

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KABC Los Angeles, CA

Consumer advocates say a major fire at an oil refinery in the San Francisco Bay area, one of the country's largest, will push gas prices above $4 for a gallon of regular on the West Coast.

"This system is made to break. When it breaks, because there is so little inventory, like 10 days in California, it allows the companies to raise prices really quickly and make a big profit," said Jamie Court of ConsumerWatchdog.org.