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Sunny Battazzi

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Fuel Market Report: June 2nd – June 8th, 2024 1024 683 Star Oilco

Fuel Market Report: June 2nd – June 8th, 2024

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Oregon Fuel Price Variance

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Fuel Market News

Fuel prices within the market have continued to drop, as rack prices for gasoline dropped $0.14 this week, with diesel only dropping $0.02 for B5 and bumping up $0.03 for B20. With the RFS in Portland, demand for B20 is increasing, many companies are running a R80/B20 blend of fuel (80% Renewable Diesel, 20% Biodiesel). Allocation for Renewable diesel is still not where it needs to be for the city to be able to supply it at the volume that will be needed in the near future. B5 demand will soon phase out and B20 will become the predominant fuel within the Portland area.

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”.

 

Crude oil is trading below $80 for the seventh week straight, at a current price of $78.25/barrel, $4.82 higher than last week, as oil prices trended upward, 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 $78.25 per barrel compared to $73.43 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: May 26th – June 1st, 2024 1024 683 Star Oilco

Fuel Market Report: May 26th – June 1st, 2024

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Oregon Fuel Price Variance

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Fuel Market News

Prices are dropping across the market. Rack averages for E10 have dropped $0.19 this past week, while rack averages for B5 dropped $0.04 and B20 dropped $0.01. A major reason for this is the significant drop in crude oil prices as crude dropped $6.40 this week, its largest drop in 6 months. We can expect gas prices to begin to climb back up slightly as the demand for gasoline should be increasing soon as the summer travel trends begin. The EIA reported last week that US Diesel demand hit a 26-year low in March, dating back to 1998. Renewable fuel production and green infrastructure becoming more prominent is likely a major contributor to the diesel demand drop.

 

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”.

 

Crude oil is trading below $80 for the sixth week straight, at a current price of $73.43/barrel, $6.40 lower than last week, as oil prices trended down, for the first time in three 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 $73.43 per barrel compared to $79.83 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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Biofuels industry exceeds EPA’s expectations 1024 618 Star Oilco

Biofuels industry exceeds EPA’s expectations

Biofuels Industry Surpasses Expectations with a Massive Production Rise

Based on the data, biomass-based diesel production has increased massively in the United States, including biodiesel, renewable diesel, sustainable aviation fuel, and heating oil. Biomass-based diesel was expected to produce 4 billion gallons in 2023. Biofuel production and use increased by one billion gallons from last year to this year, which is a big jump. As a result of this achievement, a breakthrough has been achieved. The industry has surpassed what the EPA once thought was impossible with the development of advanced biofuels derived from sustainable sources.

So the real question is, what if we don’t choose biodiesel or renewable diesel over petroleum diesel for our diesel engines?

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  • Biofuel production soared in 2023, exceeding EPA goals.

  • US biomass-based diesel production (biodiesel, renewable diesel, SAF, heating oil) reached 4 billion gallons.

  • Biofuel production and use jumped by 1 billion gallons year-over-year.

Clean Fuel Industry Beats Regulations in Decarbonization Push

While the Clean Fuels Alliance urged the EPA to set even more ambitious goals, like increasing biomass-based diesel production by 500 million gallons a year over the next three years, the EPA has taken a more conservative approach. Regulations aren’t keeping up with the industry, but it’s not waiting for them. Clean fuels are becoming more accessible and heavy-duty transportation fuels used by aviation and maritime are getting decarbonized. The industry has shown its ability to grow quickly and sustainably thanks to this collaborative effort.

  • Clean Fuels Alliance pushed for aggressive EPA goals: 500 million gallons annual increase in biomass-based diesel production for 3 years.

  • EPA’s finalized standards took a cautious approach.

  • Oil and gas producers, refiners, distributors, and retailers don’t have to wait for strict regulations to act (producers, refiners, distributors, retailers).
  • Industry collaboration demonstrates the potential for rapid, sustainable growth.

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Despite this year’s achievements, the Clean Fuels Alliance remains focused on the future. There’s so much potential in sustainable biofuels that we think the EPA hasn’t tapped into yet. Supporting biodiesel, renewable diesel, and SAF production can help achieve clean energy progress.

In reality, why wouldn’t we make the switch to lower our carbon emissions today?

JOIN THE FUEL MARKET REPORT NEWSLETTER FOR YOUR WEEKLY FILL OF UPDATES!

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Fuel Market Report: May 19th – May 25th, 2024 1024 683 Star Oilco

Fuel Market Report: May 19th – May 25th, 2024

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Oregon Fuel Price Variance

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Fuel Market News

The fuel market experienced minimal price variances this past week, as diesel prices hardly moved and gas prices surprisingly fell $0.20 on the wholesale market. The retail market did not see as steep of a decline for gasoline as the retail average in Oregon dropped only $0.06. It is not much of a surprise that the market didn’t move much last week, as many were out for the week for Memorial Day. However, it is surprising that with the increased travel trends, gas prices did not jump.

 

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”.

 

Crude oil is trading below $80 for the fourth week straight, at a current price of $79.83/barrel, $0.51 higher than last week, as oil prices trended upward, for the second time in four 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 $79.83 per barrel compared to $79.32 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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Diesel Quality Matters When Filling Your Tank 1024 512 Star Oilco

Diesel Quality Matters When Filling Your Tank

There are different grades of diesel fuel or diesel quality just like gasoline, and they can have a big impact on your vehicle’s performance, efficiency, and longevity. Quality diesel offers substantial benefits for your hard-working trucks, even when price is a major factor.

Clean Diesel: A Boost for Your Engine and the Environment

High-quality fuel goes beyond just powering your engine, unlike standard diesel. Like TOP TIER gasoline, premium diesel has enhanced cleaning additives. As a result, you’ll see a range of benefits that directly impact your vehicle’s performance, efficiency, and even your wallet. Let’s take a look at clean diesel’s advantages.

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  • Improved Performance: Clean fuel ignites readily, giving your engine a noticeable power boost and smoother operation.

  • Enhanced Fuel Economy: Every drop counts! Clean diesel allows you to travel farther on a single tank.

  • Reduced Emissions: Be eco-friendly – cleaner burning translates to less smoke and pollutants in the air.

  • Extended Engine Life: Protect your investment! High-quality diesel reduces wear and tear on your engine components, saving you money on repairs down the road.

Understanding Diesel Quality

Two key factors determine diesel quality: the cetane number and the sulfur content. The cetane number tells you how easily fuel ignites, like a spark plug’s rating. Higher cetane numbers mean smoother starts, less knocking, and better performance – essential for modern diesel engines that typically need 40 or higher cetane ratings. Sulfur, however, can damage emissions systems and engine components if too much is used as a lubricant. These days, sulfur content is capped at ultra-low levels (Ultra-Low Sulfur Diesel or ULSD), ensuring cleaner engines.

  • Cetane Number: This number indicates how easily fuel ignites. Higher cetane numbers mean smoother starts, less engine knocking, and better overall performance. Modern diesel engines typically require a 40 cetane rating.

  • Sulfur Content: Sulfur acts as a lubricant in diesel fuel, but excessive levels can harm emissions systems and engine components. Modern regulations limit sulfur content to ultra-low levels (Ultra-Low Sulfur Diesel or ULSD).
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Beyond the Pump: The Long-Term Value of High-Quality Diesel

While price at the pump is important, don’t let it overshadow high-quality diesel’s long-term value. Clean fuel isn’t just about saving money; it’s about keeping your car healthy. Clean diesel unlocks a bunch of benefits: a smoother ride and more power, better fuel economy that lets you go farther on each tank, fewer emissions so you don’t have to worry about air pollution, and a longer engine life, so you don’t have to spend money on repairs. Do you want to feel the difference? The next step is to find a good diesel provider. Thanks to enhanced cleaning additives, many stations prioritize clean diesel. Discover how clean diesel can improve your vehicle’s performance, efficiency, and longevity by researching stations near you.

Imagine a scenario where cleaner diesel offered similar performance and reliability to regular diesel. What other factors might still prevent you from making the switch?

JOIN THE FUEL MARKET REPORT NEWSLETTER FOR YOUR WEEKLY FILL OF UPDATES!

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Fuel Market Report: May 12th, 2024 – May 18th, 2024 1024 683 Star Oilco

Fuel Market Report: May 12th, 2024 – May 18th, 2024

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Oregon Fuel Price Variance

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Fuel Market News

The fuel market experienced minimal price variances this past week as the wholesale market saw rack averages drop $0.05 for gasoline, $0.01 for B5 diesel, and $0.02 for B20. The retail market dropped slightly as the average price for gasoline in Oregon dropped to $4.36 while diesel averages dropped $0.04. Diesel prices have been relatively low over the last few weeks, as gasoline has lacked much consistency in its price, hovering within $0.10 of its price the weeks before. The Portland market will see an influx of B20 and R99 into supply as the City Of Portland begins phasing out petroleum diesel.

 

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, nonretail 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 $80 for the second week straight, at a current price of $78.12/barrel, $0.51 lower than last week, as oil prices trended downward, for the fourth 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 $78.12 per barrel compared to $78.63 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: May 5th, 2024 – May 11th, 2024 1024 683 Star Oilco

Fuel Market Report: May 5th, 2024 – May 11th, 2024

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Oregon Fuel Price Variance

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Fuel Market News

The fuel market experienced downward price fluctuation, as two-thirds of the country experienced price drops at the pump. This has largely been due to the falling price of crude oil as it is below $80 for the second week straight. In Oregon, wholesale gasoline prices dropped $0.15, while diesel prices $0.08. We saw this trickle down to the retail pumps as prices dropped $0.07 for gasoline and $0.03 for diesel.

 

A few factors that could affect the fuel market as we roll into summer are wildfires across the country as they are more common in the summer months, increased demand for gasoline, and increased travel trends.

 

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 book an appointment with one of our fuel market analysts.

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, nonretail 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 $80 for the second week straight, at a current price of $78.12/barrel, $0.51 lower than last week, as oil prices trended downward, for the fourth 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 $78.12 per barrel compared to $78.63 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: April 28th, 2024 – May 4th, 2024 1024 683 Star Oilco

Fuel Market Report: April 28th, 2024 – May 4th, 2024

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Oregon Fuel Price Variance

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Fuel Market News

The fuel market experienced minimal price variances this week. Gasoline prices on the wholesale market dropped $0.08 but did not trickle down as the retail market only dropped $0.03 for gasoline. Diesel prices dropped $0.05 on the wholesale market while the retail market only dropped $0.02. Although price variances were minimal, the fuel market of Portland experienced a generational change in the past weeks as the City of Portland began their fuel blending requirements for all diesel blends to increase to the minimum of a B15 blend. This will likely 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 book an appointment with one of our fuel market analysts.

 

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, nonretail 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 $80 for the first time in 6 weeks, at a current price of $78.63/barrel. This is $3.26 lower than last week, as oil prices trended downward, for the second 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 $78.63 per barrel compared to $81.89 last week and $84 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: April 21st – April 27th, 2024 1024 683 Star Oilco

Fuel Market Report: April 21st – April 27th, 2024

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Oregon Fuel Price Variance

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Fuel Market News

The fuel market experienced mixed price variances this week, as diesel prices dropped slightly and gas prices jumped $0.14 on the wholesale market, and only $0.05 on the retail market. The national average price for gasoline is at its highest since October, while no county in Oregon is averaging below $4/gal. With political climates in the Middle East and seasonal maintenance repairs for refineries, it is expected that oil prices will remain high in the coming weeks. Although, oil prices decreased this past week by $0.96, most analysts predict oil prices to increase in the following weeks.

Crude oil is trading above $80 for the fifth straight week at a current price of $81.89/barrel. $0.96 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 $81.89 per barrel compared to $82.85 last week and $87 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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Why Construction Job Sites Need A Fueling Service 1024 683 Star Oilco

Why Construction Job Sites Need A Fueling Service

Here are some fuel-saving tips that a fuel delivery company can offer to their construction customers to help them save money on fuel.  

Why Construction Job Sites Need A Fueling Service 

It can be frustrating to waste time and lose productivity on your Portland construction site due to refueling. Eliminate those headaches with an on-site fuel delivery service. This can save your crew valuable time spent waiting in gas station lines or running errands. This leads to increased efficiency and productivity.  

Could you imagine how much more productivity your team will have on the job site by having less trips to refueling their equipment at nearby gas stations?

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  • On-site fuel delivery services eliminate time waiting in gas station lines or running errands for fuel. 
  • This translates into increased efficiency and productivity on your Portland construction site. 

Reduced Costs

In today’s competitive construction environment, keeping costs down is crucial. An on-site fuel delivery service can be a game-changer for your Portland-based projects. Eliminate wasted time and money traveling to gas stations. Fuel can be delivered directly to your job site, minimizing downtime and keeping your team focused on productivity. As a result, bulk fuel pricing through our service often translates to significant cost savings compared to pump prices at retail stations. Besides saving on fuel, you’ll also save on wear and tear on your vehicles and labor costs. 

  • No more wasted time traveling to gas stations. Fuel gets delivered directly to your site, keeping your crew focused on the job.
  • Bulk fuel prices are often cheaper than retail pump prices.
  • Saves on wear and tear on company vehicles and labor costs associated with refueling. 
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Improved Safety

In the fast-paced world of construction, safety is paramount. On-site fuel delivery services solve this problem by eliminating gas station travel. This reduces the risk of road hazards, spills during transport, and fuel transfer dangers on-site. Our trained professionals handle everything, ensuring safe and efficient refueling that keeps your workers focused on what they do best – building your project. 

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  • Eliminate travel to gas stations, reducing road hazards. 
  • Trained professionals handle fuel delivery, minimizing spill chances during transport and on-site transfer. 
  • Keep workers focused on construction tasks with sage and efficient on-site refueling. 

Convenience and Streamlined Operations 

Your Portland construction site will be more efficient and you’ll spend less time at the gas station. An on-site fuel delivery service eliminates wasted time and keeps your crew focused on what matters most – building. Forget about wasting valuable worker hours on refueling trips. Fuel delivery minimizes downtime and maximizes productivity.  

  • Eliminate wasted trips to the gas station and keep your workers focused on construction. 
  • On-site fuel delivery ensures minimal disruption to your schedule, maximizing project efficiency. 
  • Forget refueling – fuel delivery frees up valuable worker hours for what truly matters – building. 

Ultimately, by implementing an on-site fuel delivery service, construction companies can experience a multitude of benefits. From increased efficiency and cost savings to improved safety and streamlined operations, a reliable fuel delivery partner can empower your crew to focus on what truly matters – building exceptional projects. 

How could saving your team from making extra trips to nearby gas stations to refuel their equipment NOT help save time, improve productivity and speed up your project deadlines?

JOIN THE FUEL MARKET REPORT NEWSLETTER FOR YOUR WEEKLY FILL OF UPDATES!

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