Benefits of Keystone XL Pipeline are clear By Rep. Bob Gibbs (R-Ohio)
Approximately two-thirds of the price of gasoline is determined by the global market price of crude oil, according to the Energy Information Administration. Construction of the Keystone XL Pipeline will strengthen our energy partnership internationally and allow us to have a positive impact on global energy demands. The Keystone XL Pipeline would deliver an additional 830,000 barrels of oil per day to the U.S. from Canada, our largest source of oil.
It might take time, but they'll drop. As you say...the free market at work.
Perhaps you should also consider the government's role in that problem through its regulations.
I'm more interested right now in the positive economic impact the pipeline will immediately have in this area. You know...something like jobs which in turn means money spent which in turn means more jobs which in turn...well, you get the picture.
In agreement on the jobs. Gasoline and Diesel is now part of the global market. America currently exports more refined petroleum products than we consume.
Remember way back when the Diesel prices were quite a bit lower than gasoline. Now its more expensive than gasoline because it’s sent overseas.
Many seem to believe diesel is higher because of regulations but gasoline has it’s fair share of regulations ie: ethanol, emissions ect.