It’s an unexpected consequence of the drop in oil prices. Trains carrying explosive fracked crude oil from North Dakota are no longer rolling through our neighborhoods. Crude by rail has become too expensive.
California continues to have the highest prices among all 50 states with $3.20 per gallon — $ .80 above the national average — but it’s starting to come back down thanks to a drop in the price of crude oil globally.
The low price of oil has has prompted an energy company to halt the transportation by rail of Bakken crude through the Bay Area.
A train carrying crude oil derailed in southern West Virginia on Monday, sending at least one tanker into the Kanawha River and sparking a house fire, officials said.
As more and more Bakken crude oil is expected to be transported by railroad through the Bay Area, officials want to implement emergency plans in case of a derailment. But those plans are stalling out.
Average gas prices fell 24 cents in California last month and further in the Bay Area, continuing a downward trend seen across the country, according to the American Automobile Association’s Northern California chapter.
Earlier this year, KPIX 5 reported on crude oil being brought into the Bay Area by rail. Until now, companies haven’t been required to give cities a heads up, but that’s about to change.
Thousands of older rail tank cars that carry crude oil would be phased out within two years under regulations proposed Wednesday in response to a series of fiery train crashes over the past year, including a runaway oil train that exploded in the Quebec town of Lac-Megantic, killing 47 people.
A new report puts into writing a plan for Valero to bring two trains per day of crude oil in and out of its Benicia refinery.
Oil-By-Rail Safety Report Says California Needs More Inspectors, New Technology To Prevent Derailments
The California Public Utilities Commission and the state’s Interagency Rail Safety Working Group have come up with recommendations to ensure that the state’s rail network is up to the task as the amount of crude oil that’s shipped into the state by rail is expected to rise substantially in the near future.