California’s First Gasoline Pipeline Moving Forward
A reprieve from high gasoline prices in California is in the works — though it won’t please everyone in a state that has vilified Big Oil.On Monday, Phillips 66 (NYSE:PSX) and Kinder Morgan (NYSE:KMI) announced they have secured enough long-term shipper commitments to advance a proposed pipeline to supply fuel to Arizona and California. According to the companies, the Western Gateway Pipeline will connect Midwest and Gulf Coast refinery supply to Phoenix, Arizona and California markets with conn...
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