|  Clifton Linton

Short-Term LPG Tank Car Lease Rates Slip At Mid-Winter; Wholesalers Make Do With Available Cars

Short-term lease rates for liquefied petroleum gas (LPG) tank cars moved lower this week as the midpoint of the October-to-March winter heating season passed and propane wholesalers started trimming their tank car fleets. Single-trip leases were quoted from $675-$850/car/month. Three-month leases were running from $500-$700/car/month (averaging $600/car/month), sources told Energy Transport Insider. Last week, three-month leases averaged $650/car/month. Deals have been light for the week. “I think the high prices we saw last week are done for the moment,” one rail car broker said. Just past the halfway point in the six-month wint...

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