(Bloomberg) -- Marathon Petroleum Corp. is in the process of shutting the third largest oil refinery in the US after a blaze at a storage tank.
The fire that broke out at the Garyville refinery in south Louisiana early Friday morning is contained but ongoing, and residents within a two mile-radius have been evacuated, according to Marathon spokespeople.
Gasoline futures in New York surged more than 2%.
The Louisiana Department of Environmental Quality “is conducting monitoring in the community adjacent to the site and all readings are nondetect,” according to spokesperson Gregory Langley.
--With assistance from Jennifer A. Dlouhy.
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