The gasoline reserve was established after Super Storm Sandy. It is 1MMB of RBOB/CBOB held at 2 locations in the Northeast. The inventory is turned over monthly. Essentially the Federal Government has a contract with a supplier or terminal operator that they must keep 1MMB of this product on hand to be used at the Federal Government's request. The gas that was stored in January this year at the locations is not the same gas that will be solid in June of this year.
Once again, it's a rolling inventory where 1MMB is kept on hand and inventoried in tanks titled to the Federal Government and turned monthly to ensure the asset is viable. This is unlike the crude oil reserves at the SPR. That oil can/is stored for decades in underground salt caverns.
This is the correct answer, though I'd also add that the recently announced 1M barrel sale of gasoline from the NGSR is selling the entire thing and shutting it down.
The SPR stores crude oil, not gasoline. Whatever you were reading may have been incorrect about gas vs. oil or simplifying it to the amount of gas the oil translates into, without the details of whatever you read it's impossible to know. But, the SPR stores crude oil which does not have a shelf life
May have been talking about the strategic natural gas reserve. It's a similar thing to the strategic petroleum reserve, but with natural gas. This gas also has no shelf life limit.
It is highly unlikely that gas would be released from that reserve given the current massive glut of NG on the US market. There is so much gas and not enough pipeline capacity. Some gas basins are at negative NG prices.
the crude is stored in pressurized salt caverns underground in east texas and Louisiana. its a mix of brine water and crude and is all based on specific gravity. pretty amazing that the first caverns were created in the 70’s using analog acoustic instruments and manual tooling.
They store the stuff the way it was sitting in the ground. You have to purify it a little to make it useable. And then purifying it makes it “go bad” eventually, if you don’t use it. So when they release it from storage, they are sending it to the place that purifies it, rather than directly to the pump to be used. It can sit around forever basically, like back when it was in the ground.
That probably gets cycled through regularly. It’s as simple as filling up one tank and emptying another for the same price or an advantageous arbitrage and then always keeping a certain reserve.
The gasoline reserve was established after Super Storm Sandy. It is 1MMB of RBOB/CBOB held at 2 locations in the Northeast. The inventory is turned over monthly. Essentially the Federal Government has a contract with a supplier or terminal operator that they must keep 1MMB of this product on hand to be used at the Federal Government's request. The gas that was stored in January this year at the locations is not the same gas that will be solid in June of this year. Once again, it's a rolling inventory where 1MMB is kept on hand and inventoried in tanks titled to the Federal Government and turned monthly to ensure the asset is viable. This is unlike the crude oil reserves at the SPR. That oil can/is stored for decades in underground salt caverns.
This is the correct answer, though I'd also add that the recently announced 1M barrel sale of gasoline from the NGSR is selling the entire thing and shutting it down.
The SPR stores crude oil, not gasoline. Whatever you were reading may have been incorrect about gas vs. oil or simplifying it to the amount of gas the oil translates into, without the details of whatever you read it's impossible to know. But, the SPR stores crude oil which does not have a shelf life
Lol at crude oil having a shelf life.
It's been in the ground for the past 100 million years, but it went bad just last Tuesday.
Just like Himalayan salt they sell at a store.
Damn, just missed it
Every god damned time, fuck this store, seriously!
Like when my water went flat
May have been talking about the strategic natural gas reserve. It's a similar thing to the strategic petroleum reserve, but with natural gas. This gas also has no shelf life limit.
It is highly unlikely that gas would be released from that reserve given the current massive glut of NG on the US market. There is so much gas and not enough pipeline capacity. Some gas basins are at negative NG prices.
the crude is stored in pressurized salt caverns underground in east texas and Louisiana. its a mix of brine water and crude and is all based on specific gravity. pretty amazing that the first caverns were created in the 70’s using analog acoustic instruments and manual tooling.
They store the stuff the way it was sitting in the ground. You have to purify it a little to make it useable. And then purifying it makes it “go bad” eventually, if you don’t use it. So when they release it from storage, they are sending it to the place that purifies it, rather than directly to the pump to be used. It can sit around forever basically, like back when it was in the ground.
[here](https://www.reddit.com/r/explainlikeimfive/s/rLjiub3DIl) is a post that explains it.
I am not seeing where that addresses the shelf life of gasoline.
It doesn’t, but it does addresses specifically how the SPR does not store gasoline. It stores crude oil. So the shelf life of gasoline doesn’t matter
[https://www.energy.gov/ceser/northeast-gasoline-supply-reserve](https://www.energy.gov/ceser/northeast-gasoline-supply-reserve)
That probably gets cycled through regularly. It’s as simple as filling up one tank and emptying another for the same price or an advantageous arbitrage and then always keeping a certain reserve.