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<blockquote data-quote="MAKAVELI" data-source="post: 1536371" data-attributes="member: 43825"><a href="http://www.cbsnews.com/news/how-would-the-keystone-pipeline-affect-oil-and-gas-prices/" target="_blank">http://www.cbsnews.com/news/how-would-the-keystone-pipeline-affect-oil-and-gas-prices/</a>Some critics contend that the pipeline could cause gas prices to rise, especially in the Midwest.That&#039;s because the oil that would be transported is not intended for American consumers. Rather, the Canadian oil currently sent to refineries in Illinois, Ohio and elsewhere in the Midwest would end up being diverted to Keystone, chiefly for export to markets overseas.Play VIDEOSenate Democrats end block on Keystone XL vote&quot;Midwest drivers would be hardest hit because the region currently imports more than half of its oil for refining from Canada,&quot; according to Consumer Watchdog, a nonprofit public interest group. &quot;Increases at the pump could range from 25 cents to 40 cents a gallon, depending on how regional refineries respond to paying $20 to $30 more per 42-gallon barrel for Canadian crude oil.&quot;A 2011 report by Cornell University&#039;s Global Labor Institute projected that the Keystone&#039;s rerouting of oil from the Midwest would end up costing the region up to $4 billion in higher gas prices, which it said would &quot;suppress other spending and will therefore cost jobs.&quot;</blockquote>

[QUOTE="MAKAVELI, post: 1536371, member: 43825"] [URL]http://www.cbsnews.com/news/how-would-the-keystone-pipeline-affect-oil-and-gas-prices/[/URL] Some critics contend that the pipeline could cause gas prices to rise, especially in the Midwest.That's because the oil that would be transported is not intended for American consumers. Rather, the Canadian oil currently sent to refineries in Illinois, Ohio and elsewhere in the Midwest would end up being diverted to Keystone, chiefly for export to markets overseas. Play VIDEO Senate Democrats end block on Keystone XL vote "Midwest drivers would be hardest hit because the region currently imports more than half of its oil for refining from Canada," according to Consumer Watchdog, a nonprofit public interest group. "Increases at the pump could range from 25 cents to 40 cents a gallon, depending on how regional refineries respond to paying $20 to $30 more per 42-gallon barrel for Canadian crude oil." A 2011 report by Cornell University's Global Labor Institute projected that the Keystone's rerouting of oil from the Midwest would end up costing the region up to $4 billion in higher gas prices, which it said would "suppress other spending and will therefore cost jobs." [/QUOTE]

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