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re: What's driving the narrative about the price of oil right now? It's not like gas is $4/gal
Posted on 7/7/18 at 8:14 am to bamarep
Posted on 7/7/18 at 8:14 am to bamarep
Here in MD 87 is floating around $2.85-$3.00 and I havent noticed too many complaints.
From what I've read we have a ton a product coming out of the shale regions right now but there isn't enough pipeline capacity to meet demand. Causing railcars to pick up the slack getting the product to Mt. Belvieu which is the main culprit of the price increases.
Once some more pipeline capacity is built/opened up prices should come back down.
(Note im only in the propane industry so oil baws can correct me if Im wrong)
From what I've read we have a ton a product coming out of the shale regions right now but there isn't enough pipeline capacity to meet demand. Causing railcars to pick up the slack getting the product to Mt. Belvieu which is the main culprit of the price increases.
Once some more pipeline capacity is built/opened up prices should come back down.
(Note im only in the propane industry so oil baws can correct me if Im wrong)
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