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Sunny Battazzi

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

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

fuel-market-report-star-oilco
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

fuel-market-report-star-oilco-11-16-24

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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fuel-market-report-star-oilco-11-9-24

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

fuel-market-report-star-oilco-11-9-24-1

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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fuel-market-report-star-oilco-11-2-24

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

fuel-market-report-star-oilco-11-2-24-1

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.

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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 $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!

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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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fuel-market-report-star-oilco-10-19-24

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

fuel-market-report-star-oilco-10-19-24-1

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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fuel-market-report-star-oilco-10-12-24-1

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

fuel-market-report-star-oilco-10-12-24

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!

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Fuel Market Report: Sept 29th – Oct 5th, 2024 1024 683 Star Oilco

Fuel Market Report: Sept 29th – Oct 5th, 2024

fuel-market-report-star-oilco
fuel-market-report-star-oilco-10-5-24

Wholesale Price Average 10/5/24

Wholesale LowWholesale Avg
E10$2.05$2.28
B5$2.24$2.58
B20$2.28$2.57

Average Retail Prices 10/5/24

NationalOregonWashington
E10$3.18$3.68$4.04
B5$3.59$3.81$4.35

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-10-5-24-1

Fuel Market News

Fuel prices jumped across the board this past week as rack averages are up in all product categories. Rack averages for E10 jumped $0.15/gal while B5 and B20 jumped over $0.17/gal. This is the largest jump we have seen in months. However, these shifts did not hit the retail market as the retail average only moved less than $0.05. The past weeks have been filled with stipulations on inflation due to the long shoremen strike and logistical challenges. Fortunately, the strike has been resolved for the time being and workers are back to the ports. Due to the resolution, we should see prices trickle back down over the next week.

 

US crude oil prices dipped below $70/barrel three weeks ago for the first time in a year pushing fuel prices lower across the board. Oil prices are still below $75/barrel. 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”.

Crude oil is trading below $75 this past week, at a current price of $73.66/barrel. This is $5.31 higher than it was last week. Despite the rise, oil prices are still relatively low.

 

 

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 $73.66/barrel compared to $68.35/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

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

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Fuel Market Report: Sept 15th – Sept 21st, 2024 1024 683 Star Oilco

Fuel Market Report: Sept 15th – Sept 21st, 2024

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fuel-market-report-star-oilco-9-22-24

Wholesale Price Average 9/22/24

Wholesale LowWholesale Avg
E10$2.15$2.26
B5$2.23$2.37
B20$2.24$2.35

Average Retail Prices 9/22/24

NationalOregonWashington
E10$3.21$3.71$4.12
B5$3.58$3.90$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-9-22-24-1

Fuel Market News

Fuel prices are down again this past week. Rack averages for E10 fell $0.15/gal while B5 dropped just $0.04/gal and B20 dropped $0.02/gal. The retail market did not see much of these price fluctuations as the retail average for gasoline in Portland dropped just $0.04 while jumping $0.03 for diesel. Refineries throughout California have had their seasonal maintenance in the past weeks which has caused reduced outputs of production affecting Oregon, Nevada, and Washington. September 22nd marked the official beginning of the autumn season. With winter fuel returning to supply within the market, we should see prices continue to drop over the coming 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”.

Crude oil is trading slightly above $70 this past week, at a current price of $70.45/barrel, as oil prices are at the same level they were last week. This is the first time this year that the market has experienced this.  

 

 

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 $70.45/barrel compared to $70.44/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!

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

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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

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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. 

 

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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 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% taxesa 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

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