MONEY & LIFE

Why Midwesteners Might Face Higher Gas Prices

By: Anneken Tappe · February 01, 2024 · Reading Time: 2 minutes

The Trans Mountain Expansion

Americans across the Midwest might have to get used to paying higher prices at the pump, thanks to the expansion of a pipeline carrying Canadian oil to the gulf.

Canadian producers previously had to pump their oil through America’s midwest to reach the Gulf of Mexico, lowering costs for U.S. refiners along the way. And that was also visible in domestic gas prices along that corridor. But now, a more than 700-mile-long pipeline through the Pacific will allow them to circumvent the previous path.

The Trans Mountain Expansion

The completion of the Trans Mountain expansion means that Canada will have more pricing power, when its prior exports were marked by discounts for transportation costs, crude quality, and a smaller size of its pool of buyers. But this might be due to change.

Read more reporting here .

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