Oregon gas prices spike

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Tuesday, May 15, 2012

Oregon gas prices rose 16 cents from last week, while the national average price dropped 5 cents.

The average price for a gallon of regular gasoline in Oregon was $4.17 Monday, up 16 cents from last week. The average was $4.20 in Washington state and $4.35 in California. Both of those states also had double-digit increases.

A shortage of gasoline tied to issues at the region’s refineries has caused prices to spike in the wholesale market, analysts said.

Gasoline supplies in California are down more than 20 percent from a year ago. West Coast gasoline stocks haven’t been this low in the month of May since May 1992, according to the Department of Energy.

Read more at The Statesman Journal.
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