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The Keystone XL Will Raise Gas Prices : TreeHugger

Here's the leadoff line from a new Bloomberg report: "TransCanada Corp. (TRP)’s Keystone XL oil pipeline, a project backers including Republican Presidential candidate Rick Santorum say will create cheaper U.S. gasoline, instead risks raising prices as much as 20 cents a gallon in the Midwest, Great Plains and Rocky Mountains." As Brad Johnson succinctly puts it, the pipeline would "allow Canadian crude to escape the United States oil market, increasing profits for oil companies and driving up domestic gasoline prices."

That's right. The Keystone XL would raise gas prices.