There have been several issues affecting the Houston trucking community in December 2010, bringing forth news announcements which are worth taking notice. We’ll provide a monthly roundup of issues and announcements here at Houston Truck Deals so you stay abreast of developments in one place.
If you have an announcement to make, or an issue you want covered, then shoot us an email or leave us a comment on the blog.
We’re happy to oblige.
Gulf Diesel Prices
Gulf Coast area diesel prices have risen by more than 5 cents a gallon to $3.132 for the first week of December (price source: US Department of Energy).
The US Department of Energy (DOE) publishes a monthly energy bulletin, Short-Term Energy Outlook, which is forecasting a national average gas price of $3.23 for 2011. Higher crude oil prices and oil companies seeking to take higher profits are the two key components behind the price hike. The bulletin also noted that average gas prices are 35 cents higher this winter ($3.14) compared to winter 2009.
Houston Gets New Black Oil Terminal
Battleground Oil Specialty Company, based in Houston, has announced a new black oil terminal is to be constructed in 2011. The terminal will increase Houston’s capacity to handle a wide range of oils and byproducts including crude and slurry oil. The development will provide 2 deepwater docks, one dozen barge slots, one dozen rail slots, crude pipeline and 7.8 million barrels of additional oil storage. In addition, additional planned development will further enhance the terminal capacity with two more deepwater docks, 8 barge slots and a further 2.5 million barrels of oil storage.
The facility is expected to become fully operational by early 2013 with construction commencing end 2011.
County Judge Ed Emmett to Discuss Houston Transportation Issues
Judge Emmett was a member of the influential Transportation Committee during his tenure in the Texas House of Representatives between 1979 through 1987. In addition, Judge Emmett acted on several other state and national committees handling transportation issues prior to his appointment by President H.W. Bush as a commissioner on the Interstate Commerce Commission in 1989.
Judge Emmett will be the key speaker and panelist at a meeting of the Transportation Club of Houston, to be held on January 19, 2011.
Westway Terminal Company also announced the expansion of two new terminals in Houston. Construction has started on one terminal with 4 oil tanks providing 4.2 million gallon storage capacity. Terminal 2 is at Phase 5 stage of development and has also started construction. Phase 5 will add 4 new storage tanks providing an additional 2.5 million gallon capacity. Both terminal developments are scheduled to be completed the second half of 2011.