How much does it cost to store gasoline?

[JS80]

thought of a business idea...start a gasoline ETF like GLD (holds physical gold in their storage) store 100 million gallons of unleaded gasoline somewhere. any idea how feasible this is?

edit: i guess it goes bad after 6 months...nevermind

 

[Exterous]

Is that considered bulk quantities?

 

[Flammable]

I believe you would need to store that underground. Plus, 100 million is enough to run the US

 

[txrandom]

The gasoline will turn to sludge.

 

[Tweak155]

Originally posted by: JS80
thought of a business idea...start a gasoline ETF like GLD (holds physical gold in their storage) store 100 million gallons of unleaded gasoline somewhere. any idea how feasible this is?

I wonder if gasoline has a shelf life. I think either way it would take a long long time to be worth anything, and has a high possibility of eventually being worth nothing depending on the direction technology takes us.

Possible? Yes. Worth it? Probably not.

 

[Demo24]

except gasoline doesn't store for very long

 

[txrandom]

Also, companies already do this with oil.

 

[Shadowknight]

Gasoline goes bad after 6 months, I think.

 

[JS80]

Originally posted by: Flammable
I believe you would need to store that underground. Plus, 100 million is enough to run the US

I think we use 400 million+ a day...

Originally posted by: txrandom
Also, companies already do this with oil.

yes, the point is to speculate on the price of gasoline buy holding a piece of mass storage for investment and/or redemption at a discount in the future.

Originally posted by: DEMO24
except gasoline doesn't store for very long

ok i guess that ends it.

 

[imported_weadjust]

You need to watch the last season of Always Sunny in Philadelphia.

 

[Barfo]

Mad Max is that you?

 

[MrChad]

Originally posted by: weadjust
You need to watch the last season of Always Sunny in Philadelphia.

:laugh:

WILDCARD!!!!!

 

[Dr. Detroit]

http://247wallst.com/2009/01/22/ships-as-floati/

My assumption is your idea came from these reports?

 

[Alone]

Originally posted by: Flammable
Plus, 100 million is enough to run the US

😕

The U.S. uses about 390 million gallons per day.

 

[blurredvision]

Originally posted by: Alone

Originally posted by: Flammable
Plus, 100 million is enough to run the US

😕

The U.S. uses about 390 million gallons per day.

He didn't say for how long, so get off his back.

😀

 

[BladeVenom]

I think our petroleum reserve is stored in salt domes or salt mines.

 

[cHeeZeFacTory]

ain't there already a gasoline ETF ?

 

[gevorg]

Originally posted by: cHeeZeFacTory
ain't there already a gasoline ETF ?

Exactly!

Or even better: Futures/Options for gasoline. 🙂

 

[Goosemaster]

How long does crude remain viable when pumped into in salt-lined containers (a la the reserves) after being exposed to air?

edit: JS80, go ahead and do it🙂

*prepares to short the life out of JS80*

 

[Cattlegod]

That's about the size of an alternator right? If so, you should be able to store it in one.

 

[ViviTheMage]

it goes bad....

 

[rgwalt]

You would be better off storing light sweet crude, or possibly a high octane gasoline blend stock that doesn't go bad with age (alkylate).

Also, you'd need a tank approximately 80 feet in diameter with 30 feet of working height to store that much fuel. That is actually not that big...

 

[PhlashFoto]

Originally posted by: MrChad

Originally posted by: weadjust
You need to watch the last season of Always Sunny in Philadelphia.

:laugh:

WILDCARD!!!!!

:thumbsup:

 

[IceBergSLiM]

where does OPEC fit into this ponzi

 

[Goosemaster]

Originally posted by: IcebergSlim
where does OPEC fit into this ponzi

They finance the goons that will eventually tamper with the fire-suppression systems of your operation...