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Would The Keystone XL Pipeline Help Reduce Gas Prices?

by Market FinancePosted onMay 3, 2022May 3, 2022

Would The Keystone XL Pipeline Help Reduce Gas Prices?

Truckers Stranded At Gas Pumps

Due to the fact that the cost of diesel gas reach all time new highs, truck drivers are now having major problems transporting goods across the country and some are even forced to not make deliveries.

According to Fox, on Sunday the national average for a gallon of gasoline was $5.296. This was an increase of 4.3% from just a week ago and a nearly two times increase from a year ago.

Trucker Michal Agboire of Maitland Trucking recently confessed, “The prices are skyrocketing, and we still don’t get good prices for the loads. If it goes any higher than this, and the price of the load not coming up, then maybe we just call it quits.” 

Sadly, these high prices aren’t being stuck with just the truckers. These prices spikes are also being passed down to consumers.

President of Faulkner Trucking Ron Faulkner explained, “To cover the increased cost of diesel, truckers must increase the rates charged to haul freight. These increased rates are then passed on to consumers via higher costs at the retail level.”

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