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Kinder Morgan, Phillips 66 propose first-ever California-bound fuel pipeline (KMI:NYSE)

Golden pipes going to oil refinery

kodda/iStock via Getty Images

Kinder Morgan (NYSE:KMI) and Phillips 66 (NYSE:PSX) unveiled plans Monday to build a new refined products pipeline system to ship gasoline and other fuels from Texas to California, Arizona and Nevada, and launching an open season

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