Crude Oil storage in Railcars

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trnwatcher
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Crude Oil storage in Railcars

Unread post by trnwatcher »

Interesting article that breaks down the cost of storing crude in rail cars for months until the price or demand comes back up.

https://www.railwayage.com/freight-fore ... promising/
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hoborich
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Re: Crude Oil storage in Railcars

Unread post by hoborich »

The glut of crude, including millions of barrels stored in ships, didn't stop them from raising gas prices 50 cents a gallon overnight. Thursday prices averaged $1.39 and today they are $1.89.
"Ask your doctor if medical advice from a TV commercial is right for you".

redcrumbox
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Re: Crude Oil storage in Railcars

Unread post by redcrumbox »

hoborich wrote:The glut of crude, including millions of barrels stored in ships, didn't stop them from raising gas prices 50 cents a gallon overnight. Thursday prices averaged $1.39 and today they are $1.89.
As the U.S. economy begins to reopen, demand for gasoline is increasing.

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