https://consumerenergyalliance.org/2022/03/ohio-families-businesses-will-pay-over-2-7-billion-more-each-year-gasoline-diesel-line-5-shuts-down-consumer-group-warns/
COLUMBUS, OH – Shutting down the Line 5 pipeline, the reckless proposal pursued by Michigan Governor Gretchen Whitmer, would force families, businesses and industries in Ohio to pay more than $2.7 billion more for transportation fuel every year, according to an independent third-party analysis commissioned by Consumer Energy Alliance (CEA).
Weinstein, Clower and Associates examined the impacts that a Line 5 closure would have on the region and found that shutting down this critical infrastructure would have a devastating impact on the supply of transportation fuels in regional markets, and hurt petrochemical refiners that rely on the pipeline to safely and efficiently deliver feedstock. Such a supply shock would create significantly higher gasoline and diesel prices for Ohio families and businesses, who will spend at least $2.7 billion more every year on transportation fuels, or $13.6 billion more over five years.
The study also found that families and businesses across the Midwest will spend at least $29.2 billion more for gasoline and diesel over the following five years due to the resulting loss of production at area refineries.
The report dovetails with previous findings that closing Line 5 would cause at least $20.8 billion in economic losses to Michigan, Ohio, Indiana and Pennsylvania.
