[dblshot]

The price will eventually come back down,
One can hope so. A lot of the costs are for regulatory/environmental management that must be borne by the producer/transporter/refiner/retailer and of course taxes. In 98 I worked on a 500 mile pipeline project. Avg cost per mile was 1,000,000 USD. of that $400,000 was for environmental and regulatory compliance.

[thackney]

In 98 I worked on a 500 mile pipeline project. Avg cost per mile was 1,000,000 USD.

I've worked a lot of big pipeline jobs, mostly natural gas but some oil and products.

I was told a couple years ago that $2~3 million was more typical now for a major line.