West Coast spike in gas prices tied to refineries

1:50 PM, May 14, 2012   |    comments
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PORTLAND, Ore. (AP) -- Motorists across the country have been getting a break on gas prices. But not on the West Coast.

The average price for a gallon of regular gasoline in Oregon was $4.17 on Monday, up 16 cents from last week. The price was $4.20 in Washington state and $4.35 in California.

Analysts say a shortage of gasoline inventory has caused a price spike in the wholesale market.

The shortage is tied to refinery issues. The planned restart of a BP refinery in Washington state failed last week and five of California's 12 refineries have reduced production because of scheduled maintenance.

Analysts expect the surge in prices to be short-lived as refineries return to their usual production.

The Associated Press

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