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Your guide to the latest news from around the Northwest

February 22, 2012 at 9:32 PM

Gasoline prices close to $4 a gallon expected

Associated Press

The longer the BP Cherry Point refinery at Blaine is out of service because of fire damage, the higher gasoline prices will go for drivers in Washington, said Tim Hamilton, executive director of the Automotive United Trades Organization, an association of independent dealers.

Wholesale prices to dealers went up about 20 cents a gallon Tuesday, Hamilton said. That will push prices in Washington close to $4 a gallon, Hamilton said Wednesday.

“This tells us the oil companies are not all that confident they’ll be able to get Cherry Point up that fast,” Hamilton said. “We don’t know for certain.”

The average price for a gallon of gas Wednesday in the state was $3.68 a gallon, according to the AAA auto club. That’s already up 14 cents in a week and 21 cents in a month.

“Shutdowns can push prices up,” said AAA spokeswoman Jennifer Cook in Bellevue. “That was already going on. This fire is going to add to it.”

Full story here.

Comments | More in General news, Traffic & Transit | Topics: Blaine, Cherry Point fire, gas prices

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