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Frigid Temps Impacting Refineries And Pump Prices

Power outages are impacting Texas refineries, and that means we’ll be paying more for gasoline soon. Patrick DeHaan with Gas Buddy expects a ten-cent gallon increase more quickly, and depending on how long refineries stay down, it could be as much as 20 to 30 cents a gallon. He says the cold and subsequent shutdowns mean 20 percent of US capacity is offline.