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Gas Prices Spike Following Olympic Pipeline Closure

2/25/2026

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Story summary
  • The Olympic Pipeline closure caused a surge in gasoline prices in Oregon and Washington, though operations have since resumed.
  • Oregon's average price rose 22 cents to $3.91 per gallon.
  • Nationally, prices climbed to $2.95 per gallon, with the West Coast posting the largest gains as West Texas Intermediate (WTI) sits near $66 amid U.S.-Iran tensions, signaling potential further pump-price increases.
  • Refinery utilization in the region rose from 82.4% to 87.4%.