First of all, even if the Keystone XL pipeline were suddenly approved, it would not be completed until at least 2014, so building it would have no impact on gasoline prices this summer, predicted to be near record highs. We could not find any experts, even those referred to us by Upton’s staff, to say that the prospect of the pipeline being built in the future would somehow impact the price of gasoline today. Still, Upton did not specifically claim that this supposed decline at the pump would happen anytime soon, though a tweet from House Speaker John Boehner on Feb. 17 claimed “House GOP acts to address rising gas prices” after the bill containing the Keystone XL provision was approved. Read more at WaPoHere is a nonpartisan tutorial on gas prices and how they work.
Read this to find out how we could get $2.50 gas prices like Newt says.