While the price for gasoline this year has remained below $4 per gallon for most of the country, prices on the West Coast (PADD 5) have been holding above that level since late February. Since the national average price for regular gasoline peaked this year at $3.94 per gallon on April 2, prices across the country generally have been trending downward on the back of decreasing crude oil prices, with the national average falling to $3.71 per gallon on May 21. In contrast, the average West Coast retail gasoline price remained at $4.24 per gallon on May 21, only two cents below its 2012 peak from a week earlier (Figure 1). While refinery issues have hit the West Coast particularly hard over the past few months, the imminent return of BP's Cherry Point, Washington refinery should bring lower prices to gasoline consumers in the region. ....

TWIP includes recent analysis of current petroleum issues as well as prices and volumes of major petroleum products.

TWIP includes recent analysis of current petroleum issues as well as prices and volumes of major petroleum products.

TWIP includes recent analysis of current petroleum issues as well as prices and volumes of major petroleum products.

TWIP includes recent analysis of current petroleum issues as well as prices and volumes of major petroleum products.

TWIP includes recent analysis of current petroleum issues as well as prices and volumes of major petroleum products.

TWIP includes recent analysis of current petroleum issues as well as prices and volumes of major petroleum products.

TWIP includes recent analysis of current petroleum issues as well as prices and volumes of major petroleum products.

TWIP includes recent analysis of current petroleum issues as well as prices and volumes of major petroleum products.

TWIP includes recent analysis of current petroleum issues as well as prices and volumes of major petroleum products.

TWIP includes recent analysis of current petroleum issues as well as prices and volumes of major petroleum products.