Phillips 66, Kinder Morgan Advance Gulf Coast-to-California Pipe

Phillips 66 and Kinder Morgan Inc. will move ahead with the Western Gateway pipeline that will ship fuel from US Gulf Coast and Midwest refiners to California.

The proposed pipeline has successfully completed its second so-called open season where would-be customers indicate their desire to reserve capacity on the conduit, according to a joint statement released by the companies on Monday.

California and Arizona boast some of the country’s highest gasoline and diesel prices, owing in part to a loss of West Coast refining capacity. Two refineries have closed in California in recent months, sapping roughly 20% of the ...