22 May '12, 3pm

KEYSTONE XL WILL INCREASE US GAS PRICES!

One of the most misunderstood issues surrounding the proposed Keystone XL tar sands pipeline is its impact on U.S. gasoline prices. NRDC, Oil Change International and ForestEthics Advocacy released a report, Keystone XL: A Tar Sands PIpeline to Increase Oil Prices , today that take a close look at this complicated issue and evaluates Keystone XL’s impact on U.S. gasoline prices and supply. The study finds that Keystone XL is likely to both reduce the amount of gasoline produced in U.S. refineries for domestic markets and increase the cost of producing it, leading to even higher prices at the pump. Keystone XL’s supporters in the United States cite high gasoline prices as a reason to overlook the project’s tremendous environmental impacts and build the project. There are plenty of compelling reasons not to build the Keystone XL tar sands pipeline – it will expand a destruct...

Full article: http://switchboard.nrdc.org/blogs/aswift/new_report_keyst...

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