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


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 (VLO) has proposed at its Benicia refinery in northern California.

From other sites
Comments (2)
  • hwanghaedo
    , contributor
    Comments (12) | Send Message
     
    Delay, delay and then, delay some more.
    2 May 2014, 11:11 AM Reply Like
  • isohappy
    , contributor
    Comments (37) | Send Message
     
    Would you like your children or grandchildren in a town next to one of these bomb trains? That's what we're facing in Benicia, CA
    8 Jun 2014, 01:24 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs