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Little movement on proposed Keystone XL pipeline
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Jim Angle reports from Washington
- Duration 2:43
- Date Feb 18, 2013
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Jim Angle reports from Washington
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North lawn -- tax gasoline prices have surged by almost a half dollar in the last month.
But despite the price jump there has been little to no movement on a way to get more oil into the US.
Chief national correspondent Jim Angle looks at the reasons.
Consumers are wincing at the gas pump these days prizes and now increased 32 days in a row leaving 43 cents a -- his mid January.
Fifteens cents in just the past week.
Prices always rise this -- year but this year there rising faster and earlier.
Starting early for a couple reasons number one we -- the unrest in the Middle East whether it's Egypt or whether it's Iran.
But number two we're still feeling some of the after effects that hurricane sandy.
The East Coast hasn't caught up we have inventories and that's been a problem.
Prizes are usually lower in January but in February many refineries shut down for maintenance and there retooled to make government required summer blends of fuel with -- different areas of the country requiring a dozen different blends.
And that puts pressure on prices.
And the switch over itself you usually see an increase of somewhere between twenty cents -- as much as that dollar can per gallon Gallup.
-- you as one of the most stringent -- along with some of the highest gas taxes in the country so its fuel is often the most expensive.
While the national average is three dollars 73 cents a gallon for regular.
In California is already for 99.
Of course the price of oil itself affects the price at the Bob.
And that prize has been rising in part because of concerns about Iran.
Which overlooks the straits of Hormuz through which oil tankers flow.
The possible an eruption of supply is why many analysts say North America and President Obama.
Should be doing everything we can't have become energy independent including building the keystone XL pipeline from Canada.
That is the harbor -- whether he believes in and all of the above strategy -- -- -- campaign rhetoric but activists are determined to block that pipeline and held a demonstration in Washington this weekend to demand the Obama administration prevent its construction.
Candidate on the other hand argues the US should want oil rumor reliable -- People protesting.
Do get more attention in the media then.
The 65%.
Of Americans.
That prefer to get their oil from Canada.
Rather than Venezuela or the Middle East.
The administration has said it would likely make a decision by the end of march either way it will unleash a torrent of criticism Brett.
Jim thanks talk about that -- the panel as well -- do you think the keystone XL pipeline will ever become a reality.
Let me know on Twitter you can follow me at -- there.