UPDATE 3:50 p.m.
The California Highway Patrol's incident page is now stating the that fire is "out." Whether this means that the fire has been controlled, or knocked down, or is actually entirely extinguished is unclear -- however, it does seem clear that the fire is greatly reduced and poses no threat.
WILLITS, 8/10/18 -- A small wildfire is burning just south of the junction of Hwy. 162 and U.S. Route 101. As of about 3:20 p.m. the fire was described as 1/8th of an acre, with very low potential, and a slow rate of spread. Firefighters are very confident in getting it out quickly, and one was heard to say (over the scanner) that it might burn itself out at the creek.
The fire has caused the closure of the number 2 southbound lane of Hwy. 101. and is burning between highway and Outlet Creek, about three miles south the junction of Hwys. 162 and 101.
Various resources that were initially sent to the fire are already being canceled and sent home, due to the low threat the fire poses.