Fuel prices jumped once again this past week. The Olympic Pipeline, which supplies most of the PNW, shut down for maintenance on August 28th and is still down till the end of the week. This caused issues for the supply of both gas and diesel in the region, which led to the price increases we see.

Drivers in the Portland area are still seeing gas around $4.97/gal & diesel over $5.86/gal. In Seattle, gas prices are $5.55/gal with diesel hovering around $6.45/gal.
The Trump admin has announced a seizure and control of over 65 billion barrels of Venezuelan oil. No, this won’t lower gas prices tomorrow. This is a development that will take over 25 years to fully complete and optimize. Not to mention Venezuelan oil is a very thick blend of crude oil and will take intensive refining to be usable.
WTI Crude is trading around $91.18/barrel as of the 31st.

The 1-5 Corridor will have a planned 5-7 week shutdown of the 1-5 Corridor next to the Moda Center. This will begin September 9th 2026. We will provide more detail on this in the next Fuel Market Report. To learn more, go to Oregon – DOT.

Fuel prices took a significant jump yet again this past week, with prices soaring over $0.30/gal higher than they were the week before. These price jumps were noticed across the board, as both the retail and wholesale rack markets saw significant price jumps. Part of this is due to the shortage of gasoline in the PNW, which has caused gas prices to climb over the last two weeks.

Drivers in the Portland area are still seeing gas around $4.93/gal & diesel over $5.61/gal. In Seattle, gas prices are $5.55/gal with diesel hovering around $6.55/gal. 
The Trump admin has announced an “Economic D-Day” against Iran (after spending over $50 billion of US taxpayer dollars on this war), which will impose new sanctions and restrictions to Iran, as negotiations have ceased to continue between the U.S & Iran. So much remains unclear to the US public about the Iran war, such as why Jared Kushner, a non-elected private citizen and son-in-law of Donald Trump, is serving as a negotiator for the U.S in conversation with Iran.

WTI Crude is trading around $88.40/barrel as of the 25th. There have been no newly announced military strikes occurring within the last 17 days between the U.S & Iran. The 1-5 Corridor will have a planned 10 – 15 week shutdown of the 1-5 Corridor next to the Moda Center. This will begin September 9th 2026. We will provide more detail on this in the next Fuel Market Report. To learn more, go to Oregon – DOT.

Fuel prices were up significantly this past week with the national average price for diesel jumping over $0.14/gal. This past week brought an inversion of price movement on the wholesale market . as gas prices dropped about $0.08/gal while diesel prices jumped over $0.42/gal. These surprisingly did not hit the retail market very hard as retail prices move less than $0.10/gal. Drivers in the Portland area are still seeing gas around $4.85/gal & diesel over $5.65/gal. In Seattle, gas prices are $5.45/gal with diesel hovering around $6.45/gal. 

WTI Crude is trading around $85.37/barrel as of the 17th. There have been no newly announced military strikes occurring within the last 17 days between the U.S & Iran. Although much still remains unclear about the timeline of the war, there have been no new strikes in the last two weeks. 

The 1-5 Corridor will have a planned 10 – 15 week shut down of the 1-5 Corridor next to the Moda Center. This will begin September 9th 2026. We will provide more detail on this in the next Fuel market Report. To learn more go to Oregon – DOT.

Fuel prices were in a state of stagnation with slight upticks this past week as crude oil prices closed the week at the same price it opened five days prior. WTI opened on Monday around $80.34/barrel and closed Friday around $79.94. Drivers in the Portland area are still seeing gas around $4.70/gal & diesel over $5.62/gal, $0.55/gal higher than they were last August. In Seattle, gas prices are $5.42/gal with diesel hovering around $6.37/gal, $0.65/gal higher than they were last August. When compared to their state averages, both Seattle and Portland are over $0.45/gal higher.

At the pump, the national gas price averages have actually declined from $4.09 to $4.01 over the past week, but the PNW remains considerably higher. Oregon averages $4.67, while Washington sits near $5.14. National diesel remains elevated around $5.32.

WTI Crude is trading around $81.86/barrel as of the 11th. There have been no announced military strikes occurring within the last 14 days between the U.S & Iran. Although much still remains unclear about the timeline of the war and the future of geopolitical climates in the near future.

This past week brought higher crude oil prices followed by higher diesel prices and fairly stagnant gas prices. From 07/27 – 07/31, WTI Crude jumped $5.41/barrel. This was reflected in diesel prices jumping over $0.09/gal. Drivers in the Portland area are still seeing gas around $4.900/gal & diesel over $5.65/gal, both over $0.60/gal higher than they were last August. In Seattle, gas prices are $5.43/gal with diesel hovering around $6.41/gal, both over $0.70/gal higher than they were last August.

As of 08/03/26 WTI Crude is trading around $80.41/barrel, down from the previous week. Tensions between Iran & the U.S have tapered off slightly this week, with no announced military strikes occurring within the last 9 days. The Strait of Hormuz is still closed. The Trump administration has yet again said it will announce new details of renewed peace talks within the next 48 hrs. Crude prices have flattened out the past few days and may continue to this week, fuel prices should remain mostly stagnant this week if tempers remain calm between the U.S & Iran.

This past week brought higher crude oil prices followed by higher diesel prices and fairly stagnant gas prices. From 07/27 – 07/31, WTI Crude jumped $5.41/barrel. This was reflected in diesel prices jumping over $0.09/gal. Drivers in the Portland area are still seeing gas around $4.900/gal & diesel over $5.65/gal, both over $0.60/gal higher than they were last August. In Seattle, gas prices are $5.43/gal with diesel hovering around $6.41/gal, both over $0.70/gal higher than they were last August.

As of 08/03/26 WTI Crude is trading around $80.41/barrel, down from the previous week. Tensions between Iran & the U.S have tapered off slightly this week, with no announced military strikes occurring within the last 9 days. The Strait of Hormuz is still closed. The Trump administration has yet again said it will announce new details of renewed peace talks within the next 48 hrs. Crude prices have flattened out the past few days and may continue to this week, fuel prices should remain mostly stagnant this week if tempers remain calm between the U.S & Iran.

Fuel prices jumped up this week as the U.S & Iran peace agreement has yet again proven to be extremely unstable, as military strikes have been re-initiated within the region, causing crude oil to shoot up 8% in 5 days. A very real problem that nobody seems to be talking about is the depletion of the federal oil reserve, which is at its lowest level since August 1983 at about 45% capacity. This should be much bigger news than it is, with no end in sight to the war with Iran

Retail gas prices in Portland are just under $5/gal at a current average of around $4.75/gal, while the Seattle area is at $5.45/gal. Retail diesel prices in Portland are just under $6/gal at a current average of $5.55/gal, while the Seattle area is over $6.20/gal. Crude oil prices have jumped back this week as the U.S & Iran have once again started to bomb one another’s strategic assets. The doubters of the peace deal between the US & Iran were right yet again, as the peace agreement has gone to the wayside and military action and bomb strikes have resumed. This conflict truly has no end in sight, and the general public remains grossly uninformed by the U.S government about what is going on and what the timeline is.

Fuel prices jumped up this week as the U.S & Iran peace agreement has yet again proven to be extremely unstable, as military strikes have been re-initiated within the region, causing crude oil to shoot up 8% in 5 days. A very real problem that nobody seems to be talking about is the depletion of the federal oil reserve, which is at its lowest level since August 1983 at about 45% capacity. This should be much bigger news than it is, with no end in sight to the war with Iran.

Retail gas prices in Portland are just under $5/gal at a current average of around $4.75/gal, while the Seattle area is at $5.45/gal.  Retail diesel prices in Portland are just under $6/gal at a current average of $5.55/gal, while the Seattle area is over $6.20/gal. Crude oil prices have jumped back this week as the U.S & Iran have once again started to bomb one another’s strategic assets. The doubters of the peace deal between the US & Iran were right yet again, as the peace agreement has gone to the wayside and military action and bomb strikes have resumed. This conflict truly has no end in sight, and the general public remains grossly uninformed by the U.S government about what is going on and what the timeline is.