California could get its first gasoline pipeline. Would that lower gas prices? [Los Angeles Times (CA)]
Phillips 66 (PSX)
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Source: Los Angeles Times
The project could fill the gap left by upcoming closures of two major refineries, which are raising concerns about fuel shortages and higher prices in the state. The pipeline proposal signals that energy companies expect California to remain dependent on gasoline for decades, even as the state pursues ambitious climate goals. California has long been a “fuel island” — a state whose gasoline and diesel markets are isolated from the rest of the country — but that could soon end under a proposed plan to build the first-ever pipeline to bring refined products directly to the West Coast. Known as the Western Gateway Pipeline , the project from oil major Phillips 66 and global pipeline giant Kinder Morgan would deliver gasoline, diesel and jet fuel to Arizona and California from as far east as Missouri by 2029. The companies are currently scoping out demand and seeking commitments from customers in what is known as an “open season.” Kinder Morgan is already a major pipeline operato
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