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Sunny Battazzi

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Fuel Market Report: Dec 8th – Dec 14th, 2024 1024 683 Star Oilco

Fuel Market Report: Dec 8th – Dec 14th, 2024

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Wholesale Price Average 12/14/24

Wholesale LowWholesale Avg
E10$1.98$2.06
B5$2.19$2.30
B20$2.16$2.28

Average Retail Prices 12/14/24

NationalOregonWashington
E10$3.02$3.47$3.98
B5$3.50$3.79$4.31

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

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Fuel Market News

Fuel prices have dropped across multiple products with both gas and diesel down. Rack averages for E10 dropped $0.24/gal while diesel dropped $0.10/gal. The average price of gasoline in Oregon is at its lowest price since June 2021, giving drivers an early holiday gift on the road. Oil prices jumped to over $70/barrel this past week as oil prices went up for the first time in 6 weeks. Domestic crude oil production is again at a record high reaching 13.51 million barrels per day in the week ending Nov 29th. Drivers should expect to see prices continue to fall for fuel prices as we enter into the winter season.

 

With the winter season approaching, it is a great time to be sure your backup generators are topped off for any extreme weather conditions over the next several weeks.  

Get your generators topped off 

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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

Oil Prices Above $70

Winter Blend Of Fuel

Crude oil traded above $70 this past week, for the first time in a month, at a current price of $71.01/barrel. This is $2.99 higher than it was last week. This marks the first time oil prices jumped up in six 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% taxesa helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is trading at $71.01/barrel compared to $68.02/barrel,  last week and $81 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.

For other news in the fuel market:

https://gasprices.aaa.com/?state=OR

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

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Fuel Market Report: Nov 24th – Nov 30th, 2024 1024 683 Star Oilco

Fuel Market Report: Nov 24th – Nov 30th, 2024

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fuel-market-report-star-oilco-11-30-24

Wholesale Price Average 11/30/24

Wholesale LowWholesale Avg
E10$2.19$2.30
B5$2.30$2.41
B20$2.27$2.39

Average Retail Prices 11/30/24

NationalOregonWashington
E10$3.05$3.54$4.00
B5$3.54$3.83$4.34

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

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Fuel Market News

With the Thanksgiving holiday week comes time off for much of corporate America. Most people took off time for travel and family gatherings. Due to this, there was not much movement in the market after Wednesday of last week. Rack averages for diesel did not move more than a penny and gasoline jumped by $0.03/gal. Retail prices also did not have much fluctuation as they only moved about $0.01/gal. Gas prices should trickle down this week as we roll into the winter season this month starting Dec 21st.

 

With the winter season approaching, it is a great time to be sure your backup generators are topped off for any extreme weather conditions over the next few weeks.  

Get your generators topped off 

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

Winter Blend Of Fuel

Crude oil traded just below $70 this past week, at a current price of $68.02/barrel. This is $0.47 lower than it was last week. Not much of a real difference.

 

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% taxesa helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is trading at $68.02/barrel compared to $68.49/barrel,  last week and $83 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.

For other news in the fuel market:

https://gasprices.aaa.com/?state=OR

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

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Fuel Market Report: Nov 17th – Nov 23rd, 2024 1024 683 Star Oilco

Fuel Market Report: Nov 17th – Nov 23rd, 2024

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fuel-market-report-star-oilco-11-23-24

Wholesale Price Average 11/23/24

Wholesale LowWholesale Avg
E10$2.14$2.27
B5$2.31$2.42
B20$2.28$2.39

Average Retail Prices 11/23/24

NationalOregonWashington
E10$3.07$3.56$4.00
B5$3.55$3.85$4.36

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

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Fuel Market News

Fuel prices jumped this past week with most of the price variance affecting E10 gasoline. On the 19th the rack average for E10 in Portland jumped $0.12 in one day and continued to climb later into the week. The reasons for this are unknown as there were no refinery shutdowns or supply bottlenecks in the past week. Diesel prices were mostly unchanged with price variances below $0.05/gal for B5 & B20. AAA predicts record travel trends for the Thanksgiving holiday this season, which may contribute to higher fuel prices over the rest of the week.  

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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

Oil Prices Below $70

Winter Blend Of Fuel

Crude oil traded just below $70 this past week, at a current price of $68.49/barrel. This is $0.72 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% taxesa helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is trading at $68.49/barrel compared to $69.21/barrel,  last week and $82 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.

For other news in the fuel market:

https://gasprices.aaa.com/?state=OR

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

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Fuel Market Report: Nov 10th – Nov 16th, 2024 1024 683 Star Oilco

Fuel Market Report: Nov 10th – Nov 16th, 2024

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Wholesale Price Average 11/16/24

Wholesale LowWholesale Avg
E10$1.99$2.08
B5$2.33$2.40
B20$2.31$2.36

Average Retail Prices 11/16/24

NationalOregonWashington
E10$3.07$3.54$3.99
B5$3.53$3.86$4.34

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

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Fuel Market News

Fuel prices dropped this past week with E10, B5 & B20 all down at least $0.09/gal. This marks the lowest average gas price in Oregon this year down $0.59/gal from a year ago today. These downward price shifts are a good sign for the region, which has higher fuel prices than nearly every other state. These trends should continue into the winter months as fuel prices have been relatively low for the last 3 months. There are some concerns of another hurricane ripping through the Gulf Coast which would affect oil production and distribution throughout the country but this is ultimately an unknown factor. Hurricane season typically goes from June through November and current reports do not show any natural disasters in the Gulf Region anytime soon.  

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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

Oil Prices Below $70

Winter Blend Of Fuel

Crude oil traded just below $70 this past week, at a current price of $69.21/barrel. This is $1.07 higher than it was last week. Crude oil has been hovering around $68 – $72 over the last month so this bump is not any reason for concern. 

 

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% taxesa helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is trading at $69.21/barrel compared to $68.14/barrel,  last week and $79 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.

For other news in the fuel market:

https://gasprices.aaa.com/?state=OR

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

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Fuel Market Report: Nov 3rd – Nov 9th, 2024 1024 683 Star Oilco

Fuel Market Report: Nov 3rd – Nov 9th, 2024

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Wholesale Price Average 11/9/24

Wholesale LowWholesale Avg
E10$2.05$2.18
B5$2.38$2.49
B20$2.36$2.45

Average Retail Prices 11/9/24

NationalOregonWashington
E10$3.08$3.58$4.02
B5$3.54$3.86$4.38

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

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Fuel Market News

Fuel price changes were minimal this past week as E10, B5 & B20 moved a penny or less per gal on their rack average price. Retail prices saw similar movement as most prices stayed the same or moved by a penny or less. Crude oil prices dropped this past week as well keeping fuel prices low. Gas prices are about $0.30/gal lower than a year ago today.

President-Elect Donald Trump has already announced some of his key focuses for his first 100 days in office with US oil and gas production being one of his main talking points. The United States produced more oil and gas than ever before in history this year, although most production is being sold internationally. Time will tell how effective the proposed policies will be on the overall price of energy domestically.

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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

Oil Prices Below $70

Winter Blend Of Fuel

Crude oil is trading below $70 this past week, at a current price of $68.14/barrel. This is $3.30 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% taxesa helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is trading at $68.14/barrel compared to $71.44/barrel, last week and $80 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.

For other news in the fuel market:

https://gasprices.aaa.com/?state=OR

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

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Fuel Market Report: Oct 27th – Nov 2nd, 2024 1024 683 Star Oilco

Fuel Market Report: Oct 27th – Nov 2nd, 2024

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Wholesale Price Average 11/2/24

Wholesale LowWholesale Avg
E10$2.06$2.19
B5$2.39$2.48
B20$2.35$2.44

Average Retail Prices 11/2/24

NationalOregonWashington
E10$3.10$3.61$4.03
B5$3.55$3.88$4.38

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

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Fuel Market News

Fuel prices dropped last week as we are finally starting to see the autumn fuel trends hit the market. Although oil prices trickled up slightly, fuel prices dropped this week on the wholesale and retail markets. Rack averages for E10 dropped $0.09/gal while diesel dropped $0.08/gal. Retail averages for Oregon dropped $0.02/gal while the national average dropped $0.03/gal. We should see these trends continue into November and December as we roll into the winter season.

From early reports, the last shipment of Renewable Diesel will be reaching Portland this week, with expectations that there will not be any more for the rest of the year. One of the biggest producers of R99, Neste, announced production cuts after issues at their refinery in Singapore. This will affect the Portland RFS fuel mandate pushing for higher blends of biofuels with many businesses already using Renewable Diesel for most of their fuel consumption.

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 $75

Winter Blend Of Fuel

Crude oil is trading below $75 this past week, at a current price of $71.41/barrel. This is $4.36 higher 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% taxesa helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is trading at $71.44/barrel compared to $67.08/barrel,  last week and $82 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.

For other news in the fuel market:

https://gasprices.aaa.com/?state=OR

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

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Fuel Market Report: Oct 20th – Oct 26th, 2024 1024 683 Star Oilco

Fuel Market Report: Oct 20th – Oct 26th, 2024

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fuel-market-report-star-oilco-10-26-24

Wholesale Price Average 10/26/24

Wholesale LowWholesale Avg
E10$2.19$2.28
B5$2.43$2.54
B20$2.44$2.50

Average Retail Prices 10/26/24

NationalOregonWashington
E10$3.13$3.63$4.05
B5$3.57$3.91$4.37

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-10-26-24-1

Fuel Market News

Fuel prices dropped this week with rack averages down over $0.05/gal for E10, B5 & B20. After multiple weeks of price jumps earlier this month, it is not surprising to see prices begin to fall as they typically do during the Fall/Winter season. Oil prices are also still below $70/barrel which plays a key role in fuel prices remaining low. Per multiple reports, Israel has stated they will not strike Iran’s oil facilities but would rather be targeting military sites and bases which has calmed concerns of oil market disruption and price spikes that would come from it.

The City of Portland may run out of Renewable Diesel allocations in the coming weeks. This comes on the heels of Neste announcing production cuts from their refineries. This will affect the Portland RFS fuel mandate pushing for higher blends of biofuels with many businesses already using Renewable Diesel for most of their fuel consumption.

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”.

Crude oil is trading below $70 this past week, at a current price of $67.08/barrel. This is $3.41 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% taxesa helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is trading at $67.08/barrel compared to $70.49/barrel, last week and $80 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

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

Carbon Footprint Reduction 940 788 Star Oilco

Carbon Footprint Reduction

How Fleet Managers Can Lower Emissions Using Renewable Fuels

Fleet managers are always looking for ways to lower costs and help the environment, especially living in the Portland area. One of the biggest goals in the Pacific Northwest is to lower carbon emissions. The laws are getting stricter and companies set higher sustainability goals, like the Portland Renewable Fuel Standard, and it’s important to find good ways to reduce a fleet’s footprint. Renewable fuels are a great option for them to cut emissions without losing performance.

What Are Renewable Fuels?

Renewable fuels, or biofuels, are made from natural sources like plants, animal waste, and other materials that can break down easily. They’re different from fossil fuels, like gasoline and diesel, because they come from things that can grow back or be replaced, making them better for the environment. Here are some common types:

Alternative Fuels in Portland, OR

Biodiesel

Biodiesel is a type of fuel made from natural oils like vegetable oils or animal fats. These oils go through a process that turns them into fuel that can be used in diesel engines. The great thing about biodiesel is that it can be mixed with regular diesel fuel, so there’s no need to make major changes to diesel engines. This helps reduce harmful emissions that contribute to air pollution. For example, trucks or buses that run on diesel can use biodiesel blends to be a bit more environmentally friendly.

 

Renewable Diesel

Renewable diesel is similar to biodiesel, but it’s made using a different process. The result is a fuel that’s chemically the same as regular diesel, which means it works in any engine that runs on diesel. What makes renewable diesel better is that it has a much smaller carbon footprint, which means it produces less pollution. Because of this, it’s considered a “greener” option for companies that rely on diesel engines.

 

Ethanol

Ethanol is a renewable fuel made from plants like corn, sugarcane, or other crops. It’s often blended with gasoline and used in regular cars. When ethanol is mixed with gasoline, it helps reduce the harmful gases that come from burning fuel. For example, you might see a fuel at the gas station labeled E10 or E15, which means it’s 10% or 15% ethanol mixed with gasoline. Ethanol is a common way to make car fuel a little more eco-friendly without needing to change anything about the cars themselves.

 

Renewable Natural Gas (RNG)

Renewable Natural Gas, or RNG, is made from organic waste, such as food scraps, animal manure, or the gases that come from landfills. This waste naturally releases methane, which is a powerful greenhouse gas. RNG captures this methane and turns it into a cleaner version of natural gas. This means that RNG can be used to power things like homes, vehicles, or industries that rely on natural gas, but with less environmental harm. It’s a smart way to take waste that would otherwise pollute the air and turn it into useful energy.

The Environmental Benefits of Using Renewable Fuels

The biggest reason to switch to renewable fuels is that they are better for the environment. When you burn fossil fuels like gasoline or diesel, they release a lot of greenhouse gasses (GHGs), which trap heat in the atmosphere and cause climate change. Renewable fuels, on the other hand, produce much lower levels of these harmful gasses.

For example, using biodiesel can cut down greenhouse gas emissions by about 86% compared to regular diesel. Renewable diesel can reduce emissions by around 75%. This makes a huge difference in lowering the overall carbon footprint, which is the amount of carbon dioxide and other greenhouse gasses released into the air.

But it’s not just about GHGs. Renewable fuels also produce less harmful pollution, like soot and sulfur dioxide, which are common with traditional diesel fuels. These pollutants can lower air quality and cause health problems, especially for people with asthma or other respiratory issues. By using renewable fuels, we can improve the air we breathe and reduce health risks linked to diesel exhaust. In the long run, this could mean fewer cases of lung disease and other health issues caused by pollution.

How Fleet Managers Can Use Renewable Fuels

Check Current Fuel Use and Emissions

The first step is to understand how much fuel your fleet uses and how many emissions it produces. An emissions audit can help you see which vehicles or equipment create the most emissions so you can target them for renewable fuel use.

Consider Renewable Diesel and Biodiesel

Renewable diesel and biodiesel are great options for fleet managers. Both types of fuel work with existing diesel engines, so you won’t need to spend money on new vehicles. Start by slowly adding renewable diesel or biodiesel blends to your fueling plan and watch the results.

Work With Renewable Fuel Suppliers

Teaming up with a reliable supplier like Star Oilco is key to getting a steady supply of quality renewable fuels. Star Oilco offers options like biodiesel and renewable diesel that fit various industries. Working with experts helps you find the best fuels for your fleet.

Include Renewable Fuels in Your Sustainability Goals

Set clear goals for reducing emissions using renewable fuels as part of your overall sustainability plan. Fleet managers can track their progress and share these results in corporate sustainability reports. Customers and stakeholders care more about companies with strong environmental practices.

Take Advantage of Incentives

Many states and local governments provide incentives and rebates for using renewable fuels. Fleet managers should look into these programs to help lower the costs of switching to renewable fuels. These programs not only make it cheaper but also help speed up the shift to cleaner transportation.

Why Fleet Managers Should Act Now

The transportation industry is one of the biggest contributors to global greenhouse gas (GHG) emissions, and that’s why fleet managers have an important role in building a more sustainable future. By switching their fleets to renewable fuels, they can significantly reduce their carbon footprint, comply with strict environmental laws, and improve their company’s image as an eco-friendly business.

As renewable fuel technology continues to improve, it’s becoming easier and more beneficial to make the switch. Using renewable fuels not only helps lower emissions, but it also gives businesses a competitive advantage. More and more customers and clients prefer to support companies that are committed to protecting the environment, and using renewable fuels is a strong way to show that commitment.

In addition to cutting emissions, renewable fuels help keep fleet operations running smoothly and efficiently. Fleet managers can make a real difference by reducing their fleet’s impact on the environment, which is a major step toward sustainability. Plus, as renewable fuels become more widely available, they’re a practical choice for meeting both business and environmental goals.

For more information about how renewable fuels can benefit your fleet, it’s worth exploring how they can help you stay ahead in the industry while doing your part for the planet.

Star Oilco Truck Fleet

Visit Star Oilco to check out our renewable fuel solutions!

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Fuel Market Report: Oct 13th – Oct 19th, 2024 1024 683 Star Oilco

Fuel Market Report: Oct 13th – Oct 19th, 2024

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Wholesale Price Average 10/19/24

Wholesale LowWholesale Avg
E10$2.24$2.37
B5$2.49$2.60
B20$2.46$2.57

Average Retail Prices 10/19/24

NationalOregonWashington
E10$3.18$3.66$4.07
B5$3.59$3.93$4.39

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

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Fuel Market News

Fuel prices dropped this past week as market concerns dwindled with the Long Shore man strike being resolved, oil prices still under $70, and political climates in the Middle East still in an imbalance. Rack averages for gasoline in Portland dropped $0.02/gal, while diesel dropped over $0.10/gal for both B5 & B20. Retail prices did not move much at all with prices only changing by $0.01/gal. Prices should continue to fall in the coming weeks after 2 straight weeks of unexpected price jumps. A major concern is the ongoing conflicts between Israel & Iran and how this will affect oil prices in the weeks ahead. Although this is an unknown many analysts fear it may spike oil prices heading into November.

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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”.

Crude oil is trading below $75 this past week, at a current price of $70.49/barrel. This is $3.62 lower than it was last week. Oil prices are still relatively low. With increased concerns of war in the Middle East, many fear oil prices may be bound to jump at any time but this has yet to happen.

 

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% taxesa helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is trading at $70.49/barrel compared to $74.11/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

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

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Fuel Market Report: Oct 6th – Oct 12th, 2024 1024 683 Star Oilco

Fuel Market Report: Oct 6th – Oct 12th, 2024

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Wholesale Price Average 10/12/24

Wholesale LowWholesale Avg
E10$2.21$2.39
B5$2.57$2.73
B20$2.58$2.70

Average Retail Prices 10/12/24

NationalOregonWashington
E10$3.20$3.67$4.07
B5$3.60$3.94$4.38

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

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Fuel Market News

Prices jumped again this past week with rack averages up on all products. Most of this influx was seen within the wholesale market and had little impact on prices on the retail side of the market. Rack averages for E10 jumped $0.11/gal while B5 & B20 both jumped over $0.20/gal. The retail average in Oregon only moved $0.01/gal for gas and $0.13/gal. Most Oregon stations have switched to the winter blend of fuel, which should help prices trickle back down in the coming weeks. The logistical challenges and refinery switches required for this new fuel may have contributed to the uptick in prices in recent weeks.

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”.

Crude oil is trading below $75 this past week, at a current price of $74.11/barrel. This is $0.45 higher than it was last week. Despite the rise, oil prices are still relatively low. With increased concerns of war in the Middle East, many fear oil prices may be bound to jump at any time but this has yet to happen.

 

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% taxesa helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is trading at $74.11/barrel compared to $73.66/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

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