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California’s oil refiners double crude-by-rail volumes

May 02, 2014 10:24 AM ETAndeavor (ANDV) StockVLO, ANDVBy: Carl Surran, SA News Editor2 Comments
  • California, the biggest gasoline market of all the U.S. states and the third largest oil refining state, more than doubled the volume of oil it received by rail during Q1 as deliveries from Canada surged.
  • California unloaded 1.41M barrels in the quarter, up from 693,457 a year ago, with Canadian deliveries making up half the total.
  • Trains are bringing more to California even as projects face more scrutiny after a series of accidents involving rail cars carrying fuel: Tesoro (TSO) is 6-8 weeks behind schedule in receiving regulatory permits for a rail-to-marine crude transloading terminal in Washington state, and city regulators yesterday said they’re delaying until June an environmental report on a rail-offloading complex Valero (NYSE:VLO) has proposed at its Benicia refinery in northern California.

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