8 years ago
Tuesday, August 28, 2012
Venezuela Refinery Fire Spreads to Third Tank
The fire spread Monday after being previously contained to two tanks at the facility. An explosion there killed 48 people and injured numerous others. Hundreds of nearby homes and businesses have also been damaged.
Venezuelan officials say they suspect a gas leak caused the blast.
President Hugo Chavez, in the midst of a re-election bid, visited the Amuay facility Sunday and declared three days of mourning. He rejected suggestions that negligence caused the explosion and fire.
The Venezuelan explosion and the shutdown of U.S. Gulf Coast refineries with the approach of Tropical Storm Isaac helped boost gasoline prices Monday to near a four-month high. Oil prices initially rose, but then retreated on speculation that the storm's effect might prove to be limited.
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