The facility, which is operated by LyondellBasell Industries, spans 700 acres and was built in 1918. It currently produces about 200,000 barrels of fuel per day and is scheduled to permanently close in 2023 – or possibly even earlier in the event that a "major equipment failure" spreads to two major units at the facility.

Two people familiar with problems at the refinery told Reuters that major retrofit work needs to be done, but the costs are really high and probably not feasible (Related: Natural gas prices are also soaring).

"After thoroughly analyzing our options, we have determined that exiting the refining business by the end of next year is the best strategic and financial path forward for the company," said LyondellBasell executive Ken Lane in a statement.

The facility is among the top 25-largest-capacity refineries in the United States, which is currently suffering from the most inflated gasoline prices ever in the nation's history.

The Biden regime is destroying America at breakneck speed

Since the launch of the Wuhan coronavirus (COVID-19) plandemic, six refineries in the U.S. with a capacity of about 801,000 barrels per day (bpd) of oil have closed shop. Another five refineries with a capacity of 408,100 bpd of oil remain idle – the highest number of idle refineries since 2012.