Wholesale Price Average 1/18/25
| Wholesale Low | Wholesale Avg | |
|---|---|---|
| E10 | $2.23 | $2.32 |
| B5 | $2.51 | $2.60 |
| B20 | $2.45 | $2.58 |
Average Retail Prices 1/18/25
| National | Oregon | Washington | |
|---|---|---|---|
| E10 | $3.13 | $3.52 | $3.93 |
| B5 | $3.63 | $3.80 | $4.32 |
Taxes
| Federal | State: OR | Local | State: WA | |
|---|---|---|---|---|
| Gas | $0.184 | $0.40 | $0-.13 | $0.494 |
| Diesel | $0.244 | $0.40 | $0-.13 | $0.494 |
Oregon Fuel Price Variance
Fuel Market News
Fuel prices jumped this past week with rack averages up on gas and diesel. Rack averages in Portland jumped $0.10/gal for E10 (unleaded gasoline) and $0.20/gal for B5 & B20 (diesel). Since Jan 1st prices have jumped $0.20/gal on diesel and $0.15/gal on gas. Jan 20th marks the beginning of Donald Trump’s second term as President which will likely be very eventful over the next 90 days. There are hopes of deregulation within the fuel/energy sector that may bring down costs but most all of this is unpredictable. Crude oil soared to its highest price in five months last week while prices at the pump were relatively stable. These price hikes come on the tail of new US sanctions on Russian oil.
Oregonians may be in store for higher diesel prices this year with the end of Blenders Tax Credits, the introduction of the Producers Tax Credit & the Oregon Climate Protection Program going into 2025. For more on this report visit the link below.
2025 Fuel Market Outlook: Oregon
Winter season is upon us; although weather conditions have been moderate thus far, a storm can quickly change that. To avoid any power outages for your operations, be sure your backup generators are topped off and ready to trigger when needed.
Get your generators topped off
Important Note: Per the City Of Portland, “Distributors in the City of Portland are required to meet the minimum biofuel content requirements for all fuel they distribute beginning on May 15, 2024. All diesel fuel distributed to retail stations, non-retail dealers, or wholesale purchaser-consumers must include a minimum of 15% biofuel content, from either renewable diesel or biodiesel. This requirement increases to 50% on May 15, 2026, and 99% on May 15, 2030”.
Crude oil traded above $75 this past week, at a current price of $76.89/barrel. This is $1.95/lower than it was last week.
Crude oil is the main ingredient for gasoline and diesel. Per AAA, on average about 50% of what you pay at the pump is the price of crude oil, breaking down as 25% refining, 11% distribution & marketing, and 14% taxes—a helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is currently trading at $76.89/barrel compared to $78.84/barrel, last week and $77 a year ago.
Fuel prices result from a complex interplay of the factors mentioned above and other factors regionally. Additionally, prices may vary by specific regions within Oregon and Washington. For the most precise and up-to-date information on fuel prices and the causes for these price changes within your area, use the links below for AAA & GasBuddy.
If you have any questions, feel free to contact Star Oilco and speak to one of our fuel market advisors to discuss how the market can impact your business.