Cloud chamber effect: The expansion of the air in the negative phase of the blast wave from the explosion results in a lowering of the temperature, so that condensation of water vapor present in the air occurs and a cloud forms. The cloud is soon dispelled when the pressure returns to normal and the air warms up again.
Yeah I've always wished Hollywood would realize the visceral power of a real explosion vs the slow, fat, orange ball of burning gasoline they so adore.