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Published February 22, 2013, 02:47 PM

Officials Believe Pipeline Could Lower Fuel Costs

Local and national leaders believe building the Keystone XL Pipeline could have drastic impacts on gas prices. Many think it would have a positive effect, but there's no way to know for sure the pipeline would help cut prices at the pump.

Local and national leaders believe building the Keystone XL Pipeline could have drastic impacts on gas prices. Many think it would have a positive effect, but there's no way to know for sure the pipeline would help cut prices at the pump.

Right now prices in Grand Forks are higher than the national average of $3.77 per gallon. That's up 15 cents compared to the same time last week. Still, it's not the highest in the country. Senator John Hoeven and others in favor of the pipeline say it'll protect against overseas supply disruptions and high gasoline prices as well as add a stable source of crude oil.

Hoeven, "It's fundamental economics supply and demand, the more we increase supply the more we'll put downward pressure on prices." Hoeven says the Keystone Pipeline is estimated to take 500 trucks off the road every day.

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