Refinery issues cause Oklahoma gasoline prices to rise

Gasoline prices have jumped up a bit in Oklahoma, likely because of issues that have slowed production at four refineries in the region.
by Jay F. Marks Modified: August 12, 2014 at 7:00 pm •  Published: August 11, 2014


photo - 
Gasoline prices are $3.05 a gallon at this gas station on the northwest corner of Memorial and Western in northwest Oklahoma City. 
  Jim Beckel - 
THE OKLAHOMAN
Gasoline prices are $3.05 a gallon at this gas station on the northwest corner of Memorial and Western in northwest Oklahoma City. Jim Beckel - THE OKLAHOMAN

Gasoline prices in Oklahoma spiked a bit last week as problems struck several refineries in the region.

The average price of gasoline is up 3.2 cents over the past four days, AAA Oklahoma said Monday, after they briefly dipped below $3 in some areas.

Prices continue to fall in much of the country, but Oklahoma is one of a handful of states to feel the pinch of the refinery issues.

Patrick DeHaan, senior petroleum analyst for GasBuddy, said prices in the Midwest could rise an additional 10 cents a gallon over the next week.

“The issues may linger for several weeks as the refinery in Coffeyville, Kansas, is likely to see low yields until September,” DeHaan said.

There was a fire at the CVR Refining LP refinery on July 29 that left four employees hospitalized. The refinery, which is capable of producing 115,000 barrels of refined products a day, has been shut down since the fire.

Operational issues also have impacted production at HollyFrontier’s refinery in El Dorado, Kan., BP’s refinery in Whiting, Ind., and ExxonMobil’s refinery in Joliet, Ill.

Combined, those four refineries account for nearly 900,000 barrels of refined products a day, according to GasBuddy. They are currently producing less than half that amount.

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by Jay F. Marks
Energy Reporter
Jay F. Marks has been covering Oklahoma news since graduating from Oklahoma State University in 1996. He worked in Sulphur and Enid before joining The Oklahoman in 2005. Marks has been covering the energy industry since 2009.
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