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Key Points
Phillips 66 and Kinder Morgan plan to build and operate a new 1,300-mile pipeline to transport gasoline from Texas to Arizona.
The project is a response to California's decreasing oil refinery capacity and Arizona's increasing fuel demand.
The new pipeline will connect to existing systems, allowing fuel from Texas to reach Arizona, California, and Nevada.
While the new supply source could reshape Arizona's fuel market, it is too early to determine its effect on future gas prices.