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Bloomberg: Keystone pipeline could raise gas prices in Midwest as much as 20 cents a gallon

The news service says the pipeline could carry Canadian imports away from the Midwest, cutting into an oil surplus that right now is depressing prices in the region, and that could mean significantly higher prices for drivers.
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The news service says the pipeline could carry Canadian imports away from the Midwest, cutting into an oil surplus that right now is depressing prices in the region, and that could mean significantly higher prices for drivers.

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Traffic accident shuts down major oil pipeline from Canada to Midwest

Wisconsin Public Radio reports a vehicle crash in Illinois has disrupted pipelines that carry crude oil from the Alberta tar sands to refineries in the Midwest. The Enbridge pipeline moves 318,000 barrels of oil a day. A spokeswoman could not say how the disruption might affect refineries in the region.

Gas prices hit $4 a gallon in Minnesota

Prices for a gallon of gasoline in the Bemidji area are among some of the highest in the country according to AAA. Spokeswoman Gail Weinholzer tells Minnesota Public Radio that Hurricane Isaac as well as a pipeline problem in Wisconsin and refinery problems in Chicago have bumped prices up at the pump. Minnesota's average is $3.95, which is eight cents higher than the national average.

$4 a gallon gas? Analysts say it could happen here by Memorial Day

If you're planning a road trip when the weather warms up, be ready to dig deep into your wallet. Experts think gas prices may rise 65 cents a gallon here by the end of the spring. Some other states may even hit $5 a gallon.

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And gas prices across the country are at their lowest level since February, according to a senior petroleum analyst. But the good news isn't really that great. The same analyst points out average prices have never been this high on Christmas before.