by Clifton Linton, Editor, Energy Transport Insider
The lease market for winter propane tank cars has been showing some signs of tightness as the heating season approaches.
Short term leases are seeing bids between $350 to $400/month, while offers are at the $600/month level. Sources say car availability appears to be tight.
Firms have been using pressure cars as rolling storage – positioning them close to expected demand areas. That has reduced some of the car availability.