It could be a summer of pain at the nation’s gas stations due to surging fuel demand and the threat of potential pipeline shutdowns.
Gas prices are still climbing to decade-level highs jumping nearly 20% on Monday and registering pandemic-level highs according to new data from GasBuddy.
The national cost for a gallon of gas just passed the $3 dollar mark, averaging $3.04, and experts warn that closing more pipelines could continue to dry out supply and pump up prices.
“There is a possibility of more pipeline shutdowns,” FOX Business’s Phil Flynn told “Bill Hemmer Reports” of Fox News, but the long-time energy analyst adds not “because of terror attacks but because the Governor of Michigan wants to shut down another pipeline.”
According to Flynn, closing the Enbridge pipeline would be a disaster for gasoline prices that are only starting to stabilize after the shutdown of the Colonial Pipeline.
Governor Gretchen Whitmer is calling to close the Line 5 pipeline, owned and operated by Enbridge Inc., which has run crude oil through the cross-section of Lake Michigan.