Philadelphia Energy Solutions to close refinery damaged by fire; gas prices spike

Closing the refinery would have a huge impact on the Philadelphia economy and the oil industry.

A view of the Philadelphia Energy Solutions on June 26, 2019 in Philadelphia, Pa. Mayor Jim Kenney on Wednesday said that PES plans to permanently close its oil refinery complex in South Philadelphia. — A view of the Philadelphia Energy Solutions on June 26, 2019 in Philadelphia, Pa. Mayor Jim Kenney on Wednesday said that PES plans to permanently close its oil refinery complex in South Philadelphia.Read more / File Photograph

by Andrew Maykuth and Claudia Vargas

Updated June 26, 2019, 5:17 p.m. ET

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Published June 26, 2019, 6:29 a.m. ET

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