Oil bottleneck gives Rockies cheaper gasoline PDF  | Print |  E-mail
Written by MEAD GRUVER, Associated Press   
Friday, 01 February 2013 14:32

CHEYENNE, Wyo. (AP) — A boom in domestic oil drilling has helped lower U.S. gasoline prices, though the steepest drops have missed California commuters, Midwestern farmers and even New York commodities traders who know all about oil pricing.

Many drivers on the East and West coasts are paying over $1 a gallon more than drivers in the Rockies. One factor is the region's relative abundance of oil from booming fields in Canada and North Dakota.

Analysts say oil is bottlenecked in the Rockies because U.S. pipelines were built to carry oil from the coasts inland — not in the opposite direction.

Relatively low fuel taxes also help keep gasoline prices low in Rocky Mountain states.

___

Follow Mead Gruver at http://twitter.com/meadgruver


Copyright 2013 The Associated Press.

 

Front Page Stories

Perrysburg Twp. Man Sentenced to 22 Years for Rape
07/24/2014 | Sentinel-Tribune Staff

A Perrysburg Township man was senteced to more than 22 years in prison after being found guilty Thur [ ... ]


Vigil set for BGSU student
07/24/2014 | Associated Press

CLEVELAND (AP) — A vigil for a Bowling Green State University student who was found dead in Lorain [ ... ]


Other Front Page Articles