2024-07-17 08:00:00 ET
Summary
- Many interstate liquids pipelines follow the FERC’s Oil Pipeline Index, which sets the ceiling for rate adjustments that can be made each July 1.
- Pipelines tracking the index were able to increase their rates by up to 1.26% at the start of this month – a significant moderation from the 13+% increase seen for July 2023 as inflation has cooled.
- With the five-year review of the Oil Pipeline Index on the horizon, FERC could be seeking comments on a new proposed adjustment factor in June 2025.
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FERC's Oil Pipeline Index And Rising Pipeline Rates