Bloomberg notes:
Completion of the entire [Keystone] pipeline would raise prices at the pump in the Midwest and Rocky Mountains 10 to 20 cents a gallon, Verleger, the Colorado consultant, said in an e-mail message.The higher crude prices also would erase the discount enjoyed by cities including Chicago, Cheyenne and Denver, Verleger said.
CNN Money reports:
Gas prices might go up, not down: Right now, a lot of oil being produced in Canada and North Dakota has trouble reaching the refineries and terminals on the Gulf. Since that supply can’t be sold abroad, it reduces the competition for it to Midwest refineries that can pay lower prices to get it.
Giving the Canadian oil access to the Gulf means the glut in the Midwest goes away, making it more expensive for the region.
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OPEC has control over the world's oil and because we pump more does'nt mean we have oversupply so prices go down.
ReplyDeleteAll part of Obama's plan to crush the United States...
ReplyDeleteIs there anything that won't raise the cost of a gallon of gas?
ReplyDelete