The Midwest has a firm supply of oil from western Canada and excess refinery capacity but lacks the infrastructure to move gasoline and diesel to East and West Coast markets, where refining capacity has declined due to retirements, conversions, and closures. In the latest video from the Institute for Energy Research we explain how expanding pipeline infrastructure will allow Midwest refiners to bring down gas prices across the country.
More research on gas prices from IER:
- U.S. Midwest Refiners Need Expanded Infrastructure to Move Their Surplus Capacity to Markets
- The Pacific Premium: Why Gasoline Costs More In Democratic-Controlled States
- Why Are Diesel Prices So High?
- Counting Canada Wrong: The Hidden Surplus Behind the Headline Deficit
