Star Oilco

emergency-back-up-fuel-backup-generators
Backup Generator Fuel 1024 1024 Star Oilco

Backup Generator Fuel

Star Oilco Generator Refueling Service in the Portland area.

Line up a Generator Diesel Keep Full account with Star Oilco before the bad weather.

We will keep your generator fuel tank full before the power outage happens and keep it full while you rely on it. Choose Star Oilco for your emergency back up generator fuel in Portland, Oregon and Vancouver, Washington.

 

Commercial Fleet Fueling in Portland

 

Remember that ordering diesel for your generator is a specialized service.

You want to stabilize and treat your diesel for generators and other back up equipment.

Order fuel treated for long term storage!

We often receive questions about backup generators, backup water pumps, and other emergency equipment. Fueling these critical pieces of equipment is a special kind of fueling service but we’re here to answer all your questions. We also encourage you to call with questions about generator fuel.  If you have questions about your building’s back up diesel generator’s fuel quality in the Portland, Oregon area we will sample and test your fuel at not cost with if you have an account with Star Oilco.

Generator Fuel is a specially treated oxidative stabalized off-road fuel designed to store for years.

Fuel for a backup generator is a specialized product. Besides the fuel, the service itself takes a vendor who understands your needs and can keep you up and running in an emergency.

Generators take off-road diesel, of course, but you want an ultra low sulfur diesel to ensure it works with modern emission systems. Some companies may deliver a higher sulfur heating oil product that looks the same but can foul the emission systems of your equipment.

Backup Generator Fuel in Portland

Beyond just the service provided by a truck and driver, you also want a vendor who offers a fuel stabilizer and biocide for the special long term storage needs of your backup generator. Star Oilco recommends you add a biocide and long term storage stabilizer to your fuel to ensure it is good whenever you need it. We use Valvtect Bioguard Plus 6 for generators, emergency water pumps, backup boiler fuel, and other long term storage purposes. This product kills any existing biological growth and stabilizes your fresh diesel fuel for long term storage. Make sure your diesel is ready the next time you need backup power.

As a complimentary service to our customers, Star Oilco will also test fuel for its quality. If you want to confirm fuel quality at the time of a top off, let us know and we will ensure the driver has a sample kit to get your backup fuel tested for peace of mind.

Feel free to message us if you need a backup tank filled. If you are in charge of Corporate Fueling, please call with any questions you may have.

Read more about stabilizing your generator fuel for long term storage.

Keep it simple with Star Oilco. We make it easy for you to be prepared.

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refuel-equipment-star-oilco-portland-or
Fuel Market Report: Sept 8th – Sept 14th, 2024 1024 683 Star Oilco

Fuel Market Report: Sept 8th – Sept 14th, 2024
fuel-market-report-star-oilco
fuel-market-report-star-oilco-9-15-24

Wholesale Price Average 9/15/24

Wholesale LowWholesale Avg
E10$2.29$2.41
B5$2.30$2.41
B20$2.28$2.37

Average Retail Prices 9/15/24

NationalOregonWashington
E10$3.30$3.75$4.15
B5$3.60$3.93$4.41

Taxes

FederalState: ORLocalState: 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-report-star-oilco-9-15-24-1

Fuel Market News

This past week oil prices and gasoline demand remained low. The wholesale market in Portland saw significant price dumps on diesel as rack averages for B5 and B20 fell $0.18/gal, while E10 jumped up $0.03/gal. The retail markets did not see this trickle down much as the retail average for both gas and diesel only moved a penny. The national average price of gasoline did drop $0.17/gal, but Oregon did not see this hit their markets. With demands still low and the winter blend of fuel coming back to the market, we can expect prices to remain relatively low over the next few weeks.

 

US crude oil prices dipped below $70/barrel last week for the first time in a year pushing fuel prices lower across the board. There are worries that OPEC+ may delay production increases into the fall which may cause upticks in domestic supply with low demand and further price dips. 

 

fuel-market-report-star-oilco-5-18-24

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”.

Reasons For Price Variance

Oil Prices Below $80

Summer Blend Of Fuel Leaving The Market Sept 15th

Phase Out Of B5 In Portland

Crude oil is trading slightly above $70 this past week, at a current price of $70.44/barrel, $1.69 higher than last week, as oil prices trended upward for the first time in 3 weeks.

 

 

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.

It’s essential to recognize that 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.

For other news in the fuel market:

● https://gasprices.aaa.com/?state=OR

● https://www.gasbuddy.com/charts

Join the Fuel Market Report newsletter for your weekly fill of updates!

Sign Up
refuel-equipment-star-oilco-portland-or
Fuel Market Report: Sept 1st – Sept 7th, 2024 1024 683 Star Oilco

Fuel Market Report: Sept 1st – Sept 7th, 2024
fuel-market-report-star-oilco
fuel-market-report-star-oilco-9-7-24

Wholesale Price Average 9/7/24

Wholesale LowWholesale Avg
E10$2.22$2.38
B5$2.48$2.59
B20$2.43$2.54

Average Retail Prices 9/7/24

NationalOregonWashington
E10$3.37$3.76$4.16
B5$3.65$3.94$4.42

Taxes

FederalState: ORLocalState: 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-report-star-oilco-9-7-24-2

Fuel Market News

Gas prices increased while diesel prices wavered down this past week. Rack averages for E10 jumped $0.06/gal, while B5 and B20 both dropped over $0.05/gal. September 22nd marks the beginning of autumn as we disband from the summer season and enter autumn and winter. September 15th the winter blend of fuel will slowly make its way back into the market which may cause supply bottlenecks, and price jumps over the next few weeks. 

 

Imports of Renewable Diesel increased to start off 2024 per EIA. The rise of renewable fuels has begun to soak up demand for higher petroleum blends of fuel, as many cities around the country are beginning to develop renewable fuel standards. Many cities within the Pacific Northwest are leading this charge as The City of Portland has continued its push for completely renewable diesel by 2030.

 

fuel-market-report-star-oilco-5-18-24

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”.

Reasons For Price Variance

Oil Prices Below $70 For The First Time In Weeks

Summer Blend Of Fuel Leaving The Market Sept 15th

Phase Out Of B5 In Portland

Crude oil is trading below $70 for the first time in the last eleven weeks, at a current price of $68.75/barrel, $6.06 lower than last week, as oil prices trended downward for the second straight 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 trading at $68.75/barrel compared to $74.81/barrel,  last week and $79 a year ago. 

It’s essential to recognize that 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.

For other news in the fuel market:

● https://gasprices.aaa.com/?state=OR

● https://www.gasbuddy.com/charts

Join the Fuel Market Report newsletter for your weekly fill of updates!

Sign Up
refuel-equipment-star-oilco-portland-or
Fuel Market Report: Aug 25th – Aug 31st, 2024 1024 683 Star Oilco

Fuel Market Report: Aug 25th – Aug 31st, 2024
fuel-market-report-star-oilco
fuel-market-report-star-oilco-8-31-24

Wholesale Price Average

Wholesale LowWholesale Avg
E10$2.26$2.32
B5$2.54$2.65
B20$2.52$2.61

Average Retail Prices

NationalOregonWashington
E10$3.32$3.77$4.16
B5$3.68$3.95$4.41

Taxes

FederalState: ORLocalState: 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-report-star-oilco-8-31-24-2

Fuel Market News

Prices jumped across the board this past week, as gas and diesel both went up in price on their rack averages. Rack averages for E10 jumped $0.05/gal while B5 & B20 jumped $0.04/gal. The Labor Day weekend didn’t see much of a price jump compared to years past. Current retail prices are nearly a dollar lower than they were last year. With low demands, fuel prices stayed low throughout the summer. This month the winter blend of fuel will come back to the market, likely seeing an uptick in price. 

 

Imports of Renewable Diesel increased to start off 2024 per EIA. The rise of renewable fuels has begun to soak up demand for higher petroleum blends of fuel, as many cities around the country are beginning to develop renewable fuel standards. Many cities within the Pacific Northwest are leading this charge as The City of Portland has continued its push for completely renewable diesel by 2030.

 

fuel-market-report-star-oilco-5-18-24

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”.

Reasons For Price Variance

Oil Prices Below $80 For The Seventh Time In 10 Weeks

Summer Blend Of Fuel Leaving The Market Sept 15th

Phase Out Of B5 In Portland

Crude oil is trading below $80 for the seventh time in ten weeks, at a current price of $74.81/barrel, $4.14 lower than last week, as oil prices trended downward this past 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 trading at $70.67/barrel compared to $74.81/barrel,  last week and $75 a year ago. 

It’s essential to recognize that 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.

For other news in the fuel market:

● https://gasprices.aaa.com/?state=OR

● https://www.gasbuddy.com/charts

Join the Fuel Market Report newsletter for your weekly fill of updates!

Sign Up
refuel-equipment-star-oilco-portland-or
Fuel Market Report: Aug 18th – Aug 24th, 2024 1024 683 Star Oilco

Fuel Market Report: Aug 18th – Aug 24th, 2024
fuel-market-report-star-oilco
fuel-market-report-star-oilco-8-24-24
fuel-market-report-star-oilco-8-24-24-4
fuel-market-report-star-oilco-8-24-24-3
fuel-market-report-star-oilco-8-24-24-2

Oregon Fuel Price Variance

fuel-market-report-star-oilco-8-24-24-1

Fuel Market News

The fuel market experienced a mix of price fluctuations this past week. Rack averages for gasoline dropped while diesel went up. The rack average for E10 fell $0.10/gal, while B5 jumped $0.10/gal and B20 inched up $0.03/gal. The summer blend of fuel is soon to be leaving the market on September 15th, as refineries switch back to the winter blend of fuel. This will likely cause supply bottlenecks and increases in price for fuel across the board. During this time refineries often slow operation and experience down times as they make the switch to winter fuel. 

 

Imports of Renewable Diesel increased to start off 2024 per EIA. The rise of renewable fuels has begun to soak up demand for higher petroleum blends of fuel, as many cities around the country are beginning to develop renewable fuel standards. Many cities within the Pacific Northwest are leading this charge as The City of Portland has continued its push for completely renewable diesel by 2030.

 

fuel-market-report-star-oilco-5-18-24

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”.

 

Reasons For Price Variance:

Crude oil is trading below $80 for the sixth time in ten weeks, at a current price of $74.81/barrel, $0.35 higher than last week, as oil prices trend upward slightly this past 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 trading at $74.46/barrel compared to $74.46/barrel,  last week and $76 a year ago. 

It’s essential to recognize that 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.

For other news in the fuel market:

● https://gasprices.aaa.com/?state=OR

● https://www.gasbuddy.com/charts

Join the Fuel Market Report newsletter for your weekly fill of updates!

Sign Up
refuel-equipment-star-oilco-portland-or
Fuel Market Report: Aug 11th – Aug 17th, 2024 1024 683 Star Oilco

Fuel Market Report: Aug 11th – Aug 17th, 2024
fuel-market-report-star-oilco
fuel-market-report-star-oilco-8-17-24
fuel-market-report-star-oilco-8-17-24-2
fuel-market-report-star-oilco-8-17-24-3
fuel-market-report-star-oilco-8-17-24-4

Oregon Fuel Price Variance

fuel-market-report-star-oilco-8-17-24-1

Fuel Market News

The market was volatile this past week as gas prices continued to drop and diesel prices bumped up. Rack averages for gasoline dropped $0.03 while diesel jumped $0.07/gal for B5 and $0.13/gal for B20. Some of this trickled down to the local level as the retail average in Oregon dropped $0.02/gal for gasoline and diesel.

 

Imports of Renewable Diesel increased to start off 2024 per EIA. The rise of renewable fuels has begun to soak up demand for higher petroleum blends of fuel, as many cities around the country are beginning to develop renewable fuel standards. Many cities within the Pacific Northwest are leading this charge as The City of Portland has continued its push for completely renewable diesel by 2030.

 

fuel-market-report-star-oilco-5-18-24

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”.

 

Reasons For Price Variance:

Crude oil is trading below $80 for the fifth time in ten weeks, at a current price of $74.46/barrel, $3.97 lower than last week, as oil prices trend downward, for the first time in the last two weeks.

 

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 trading at $74.46/barrel compared to $78.43/barrel,  last week and $79 a year ago. 

It’s essential to recognize that 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.

For other news in the fuel market:

● https://gasprices.aaa.com/?state=OR

● https://www.gasbuddy.com/charts

Join the Fuel Market Report newsletter for your weekly fill of updates!

Sign Up
refuel-equipment-star-oilco-portland-or
Fuel Market Report: Aug 4th – Aug 10th, 2024 1024 683 Star Oilco

Fuel Market Report: Aug 4th – Aug 10th, 2024
fuel-market-report-star-oilco
fuel-market-report-star-oilco-8-10-24-1
fuel-market-report-star-oilco-8-10-24-4
fuel-market-report-star-oilco-8-10-24-3
fuel-market-report-star-oilco-8-10-24-2

Oregon Fuel Price Variance

fuel-market-report-star-oilco-8-10-24

Fuel Market News

Prices have continued to drop throughout the market affecting the wholesale market more than retail stations. Rack averages are down for diesel and gas. B5 dropped $0.03/gal while B20 dropped $0.04/gal with gasoline having the biggest drop this week of $0.08/gal. The retail market did not see these pricing shifts trickle down, as the retail average for gasoline and diesel in Oregon did not drop more than $0.04, a pricing shift hardly noticeable by drivers. Summer demand for fuel has seemed to blow by this year as prices have been relatively low all summer. We may see prices trickle up as we approach the Labor Day weekend and the uptick in travel.

 

Curious to learn more about R80/B20 blends?

Book an appointment with one of our low-carbon fuel analysts.

 

City of Portland began their fuel blending requirements for all diesel blends to increase to the minimum of a B15 blend. This will lead to most stations using B20 biodiesel or R99 Renewable diesel if allocations allow for it.

To learn more about these changes that will affect your company’s vehicles, equipment, and annual fuel purchasing schedule an appointment with one of our fuel market analysts.

fuel-market-report-star-oilco-5-18-24

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”.

 

Reasons For Price Variance:

Crude oil is trading below $80 for the fourth time in ten weeks, at a current price of $78.43/barrel, $5.49 higher than last week, as oil prices trend upward, for the first time in five weeks, recovering from the dive during the stock market dips 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 trading at $78.43/barrel compared to $72.94/barrel, last week and $81 a year ago.

It’s essential to recognize that 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.

For other news in the fuel market:

● https://gasprices.aaa.com/?state=OR

● https://www.gasbuddy.com/charts

Join the Fuel Market Report newsletter for your weekly fill of updates!

Sign Up
refuel-equipment-star-oilco-portland-or
Fuel Market Report: July 28th – Aug 3rd, 2024 1024 683 Star Oilco

Fuel Market Report: July 28th – Aug 3rd, 2024
fuel-market-report-star-oilco
fuel-market-report-star-oilco-8-3-24
fuel-market-report-star-oilco-8-3-24-2
fuel-market-report-star-oilco-8-3-24-4
fuel-market-report-star-oilco-8-3-24-3

Oregon Fuel Price Variance

fuel-market-report-star-oilco-8-3-24-1

Fuel Market News

The market continued to drop this past week as prices are down across the board. Both the wholesale and retail markets saw these pricing shifts. Rack averages for E10 fell $0.07, while B5 and B20 both fell $0.08. The retail market saw this trickle down as the average price of gas in Oregon fell $0.04, while Washington fell $0.02. Oil prices dropped significantly as well as the stock market has trended downward for the past 4 days. Oil prices dropped $2.48 from last week’s price to a current price of $72.94. The weeks proceeding may bring more shifts in pricing as analysts respond to the current market conditions.

 

Curious to learn more about R80/B20 blends?

Book an appointment with one of our low-carbon fuel analysts.

 

City of Portland began their fuel blending requirements for all diesel blends to increase to the minimum of a B15 blend. This will lead to most stations using B20 biodiesel or R99 Renewable diesel if allocations allow for it.

To learn more about these changes that will affect your company’s vehicles, equipment, and annual fuel purchasing schedule an appointment with one of our fuel market analysts.

fuel-market-report-star-oilco-5-18-24

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”.

 

Reasons For Price Variance:

Crude oil is trading below $80 for the third time in ten weeks, at a current price of $72.94/barrel, $2.48lower than last week, as oil prices continue to trend downward, for the fifth week in a row.

 

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 trading at $72.94/barrel compared to $75.42/barrel, last week and $82 a year ago.

It’s essential to recognize that 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.

For other news in the fuel market:

● https://gasprices.aaa.com/?state=OR

● https://www.gasbuddy.com/charts

Join the Fuel Market Report newsletter for your weekly fill of updates!

Sign Up
refuel-equipment-star-oilco-portland-or
Fuel Market Report: July 21st – July 27th, 2024 1024 683 Star Oilco

Fuel Market Report: July 21st – July 27th, 2024
fuel-market-report-star-oilco
fuel-market-report-star-oilco-7-27-24-4
fuel-market-report-star-oilco-7-27-24
fuel-market-report-star-oilco-7-27-24-2
fuel-market-report-star-oilco-7-27-24-1

Oregon Fuel Price Variance

fuel-market-report-star-oilco-7-27-24-3

Fuel Market News

The market experienced mixed price fluctuations this past week, as gasoline prices jumped and diesel prices dropped. The retail market didn’t see much of this fluctuation as the retail average for both gas and diesel only moved a penny. Meanwhile, the wholesale market saw the rack average for E10 jump $0.07/gal while B5 & B20 dropped over $0.07/gal. We are entering August and surging summer fuel demand has yet to arrive. It is typical for fuel demand to increase during the summer but demand has been relatively low this year. This may be a welcoming sign as fuel prices could continue to drop once the summer fuel blend is off the market in September.

 

Curious to learn more about R80/B20 blends?

Book an appointment with one of our low-carbon fuel analysts.

 

City of Portland began their fuel blending requirements for all diesel blends to increase to the minimum of a B15 blend. This will lead to most stations using B20 biodiesel or R99 Renewable diesel if allocations allow for it.

To learn more about these changes that will affect your company’s vehicles, equipment, and annual fuel purchasing schedule an appointment with one of our fuel market analysts.

fuel-market-report-star-oilco-5-18-24

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”.

 

Reasons For Price Variance:

Crude oil is trading below $80 for the second time in nine weeks, at a current price of $75.42/barrel, $1.39 lower than last week, as oil prices continue to trend downward, for the fourth week in a row.

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 trading at $75.42/barrel compared to $76.81/barrel, last week and $81 a year ago.

It’s essential to recognize that 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.

For other news in the fuel market:

● https://gasprices.aaa.com/?state=OR

● https://www.gasbuddy.com/charts

Join the Fuel Market Report newsletter for your weekly fill of updates!

Sign Up
refuel-equipment-star-oilco-portland-or
Fuel Market Report: July 14th – July 20th, 2024 1024 683 Star Oilco

Fuel Market Report: July 14th – July 20th, 2024
fuel-market-report-star-oilco
fuel-market-report-star-oilco-7-20-24
fuel-market-report-star-oilco-7-20-24-4
fuel-market-report-star-oilco-7-20-24-2
fuel-market-report-star-oilco-7-20-24-3

Oregon Fuel Price Variance

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Fuel Market News

Fuel prices fell this past week across the board. Rack averages fell $0.13 for B5 and $0.16 while rack averages for E10 fell $0.04. Presses have continued to fall over the last 3 weeks. This is surprising as crude oil pieces have been relatively low, and fell to $76/barrel over the weekend. The lack of high summer fuel prices has been great for drivers and summer travelers but brings into question why demand is so low.

 

Curious to learn more about R80/B20 blends?

Book an appointment with one of our low-carbon fuel analysts.

 

City of Portland began their fuel blending requirements for all diesel blends to increase to the minimum of a B15 blend. This will lead to most stations using B20 biodiesel or R99 Renewable diesel if allocations allow for it.

To learn more about these changes that will affect your company’s vehicles, equipment, and annual fuel purchasing schedule an appointment with one of our fuel market analysts.

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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”.

 

Reasons For Price Variance:

Crude oil is trading below $80 for the first time in nine weeks, at a current price of $76.81/barrel, $4.19 lower than last week, as oil prices trended downward, for the third time in 4 weeks. This is the biggest slump in 9 weeks as oil prices slipped over $4 this past 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 trading at $76.81/barrel compared to $81.00/barrel, last week and $83 a year ago.

It’s essential to recognize that 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.

For other news in the fuel market:

● https://gasprices.aaa.com/?state=OR

● https://www.gasbuddy.com/charts

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