Industry analysts say Northwest gasoline prices should peak in April at $3.95 per gallon and remain lower than in 2012.
That’s providing there are no refinery shutdowns or other emergencies. Last year, eight of 12 West Coast refineries closed temporarily, with the BP Cherry Point refinery shutting down for three months following a fire.
Gas costs more in April, in part, because production slows as refineries switch from winter-blend gas to summer blend. Read The Bellingham Herald article. Meanwhile, Bloomberg News reports that U.S. oil production hit its highest mark in 20 years.