16 Jul '13, 6pm

Study finds Keystone XL will raise gas prices

Study finds Keystone XL will raise gas prices

One of the most common arguments for exploiting the Canadian tar sands and building the Keystone XL pipeline is that it will make the US more energy independent and reduce fuel costs. Challenging this view is a new report (pdf ) released today by Consumer Watchdog that finds that the pipeline will instead raise gasoline prices by 20 to 40 cents per gallon in the Midwest: The report finds that: Drivers, especially in the Midwest, would pay 20 cents to 40 cents more at the pump if the disputed pipeline were built, as the current discount of up to $30 a barrel for Canadian oil disappears. The true goal of multinational oil companies and Canadian politicians backing the pipeline is to reach export outlets outside the U.S. for tar sands oil and refined fuels, which would drive up the oil’s price. With U.S. oil production rising fast, any “energy security” benefit for the U.S. w...

Full article: http://www.treehugger.com/fossil-fuels/keystone-xl-will-r...

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Report: Keystone XL Pipeline Will Raise Gas Prices, Hurt Economy

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Keystone XL could hike gas prices as much as 40 cents a gallon #NoKXL via @grist

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