Refinery closings could push gasoline prices back to $4

Source: Patti Domm, CNBC

Gasoline prices could be edging higher this spring, thanks to the bankruptcy of a European refiner, the industry's latest casualty. The U.S. east coast already sees the threat of a temporary spike in gasoline to $4 or more per gallon for the summer driving season and could pay some of the highest prices in the nation, due to the shutdown of refining capacity in that market.

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