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Stock impact report

New Western Gateway pipeline project aims to lower Arizona gas prices [Yahoo! Finance]

Kinder Morgan, Inc. (KMI) 
Last kinder morgan, inc. earnings: 4/22 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.kindermorgan.com
Company Research Source: Yahoo! Finance
Philip 66 and Kinder Morgan are developing the $5 billion project, which experts say could lower Arizona's high gas prices. It's unknown if the pipeline will overcome remaining risks, including environmental approvals and political opposition. PHOENIX High gas prices are hitting drivers hard currently, but some experts believe relief may be on the horizon, as a major new pipeline project gains steam. The backstory Currently, there are no refineries in Arizona, and there are also only two major pipelines in the state. Meanwhile, Phoenix currently has one of the most expensive fuel markets in the nation. "Prices in Phoenix will go up when nobody else's prices are going up, because we can't get enough gas to the state," said Dave Hackett of Stillwater Associates. "Essentially, what's happened is Arizona's growth just about outgrew its pipeline capacity." Big picture view The Western Gateway pipeline project just went from proposal stage into active development. It would ad Show less Read more
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