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Sunny Battazzi

Star Oilco heating oil delivery truck on a residential driveway in front of a large home
Carbon Footprint Reduction 473 1024 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:

Close-up of green diesel nozzle fueling a generator unit outdoors

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.

greenhouse gas emissions reduction graphic by Star Oilco

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 fuel trucks staged for mobile on-site fueling

Visit Star Oilco to check out our renewable fuel solutions!

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

fuel-market-report-star-oilco
1-month average retail fuel price trends in Oregon, Washington, and the USA alongside crude oil prices for October 13th through October 19th.

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.

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 $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!

Two semi-trucks driving on a highway with trees in the background
Fuel Market Report: Oct 6th – Oct 12th, 2024 1024 683 Star Oilco

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

fuel-market-report-star-oilco
1-month average retail fuel price trends in Oregon, Washington, and the USA alongside crude oil prices for October 6th through October 12th.

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
1-month average retail fuel price trends in Oregon, Washington, and the USA alongside crude oil prices for September 29th through October 5th

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!

Two semi-trucks driving on a highway with trees in the background
Fuel Market Report: Sept 15th – Sept 21st, 2024 1024 683 Star Oilco

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

fuel-market-report-star-oilco
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!

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

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

fuel-market-report-star-oilco
fuel-market-report-star-oilco-9-15-24

Wholesale Price Average 9/15/24

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

Average Retail Prices 9/15/24

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

Taxes

FederalState: ORLocalState: WA
Gas$0.184$0.40$0-.13$0.494
Diesel$0.244$0.40$0-.13$0.494

Oregon Fuel Price Variance

fuel-market-report-star-oilco-9-15-24-1

Fuel Market News

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

 

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

 

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

Important Note: Per the City Of Portland, “Distributors in the City of Portland are required to meet the minimum biofuel content requirements for all fuel they distribute beginning on May 15, 2024. All diesel fuel distributed to retail stations, non-retail dealers, or wholesale purchaser-consumers must include a minimum of 15% biofuel content, from either renewable diesel or biodiesel. This requirement increases to 50% on May 15, 2026, and 99% on May 15, 2030”.

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

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

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Fuel Market Report: Sept 1st – Sept 7th, 2024 1024 683 Star Oilco

Fuel Market Report: Sept 1st – Sept 7th, 2024

fuel-market-report-star-oilco
fuel-market-report-star-oilco-9-7-24

Wholesale Price Average 9/7/24

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

Average Retail Prices 9/7/24

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

Taxes

FederalState: ORLocalState: WA
Gas$0.184$0.40$0-.13$0.494
Diesel$0.244$0.40$0-.13$0.494

Oregon Fuel Price Variance

fuel-market-report-star-oilco-9-7-24-2

Fuel Market News

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

 

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

 

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

Important Note: Per the City Of Portland, “Distributors in the City of Portland are required to meet the minimum biofuel content requirements for all fuel they distribute beginning on May 15, 2024. All diesel fuel distributed to retail stations, non-retail dealers, or wholesale purchaser-consumers must include a minimum of 15% biofuel content, from either renewable diesel or biodiesel. This requirement increases to 50% on May 15, 2026, and 99% on May 15, 2030”.

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

 

 

Crude oil is the main ingredient for gasoline and diesel. Per AAA, on average about 50% of what you pay at the pump is the price of crude oil, breaking down as 25% refining, 11% distribution & marketing, and 14% taxesa helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is trading at $68.75/barrel compared to $74.81/barrel,  last week and $79 a year ago. 

It’s essential to recognize that fuel prices result from a complex interplay of the factors mentioned above and other factors regionally. Additionally, prices may vary by specific regions within Oregon and Washington. For the most precise and up-to-date information on fuel prices and the causes for these price changes within your area, use the links below for AAA & GasBuddy.

If you have any questions, feel free to contact Star Oilco and speak to one of our fuel market advisors to discuss how the market can impact your business.

For other news in the fuel market:

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

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

Two semi-trucks driving on a highway with trees in the background
Fuel Market Report: Aug 25th – Aug 31st, 2024 1024 683 Star Oilco

Fuel Market Report: Aug 25th – Aug 31st, 2024

fuel-market-report-star-oilco
fuel-market-report-star-oilco-8-31-24

Wholesale Price Average

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

Average Retail Prices

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

Taxes

FederalState: ORLocalState: WA
Gas$0.184$0.40$0-.13$0.494
Diesel$0.244$0.40$0-.13$0.494

Oregon Fuel Price Variance

fuel-market-report-star-oilco-8-31-24-2

Fuel Market News

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

 

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

 

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

Important Note: Per the City Of Portland, “Distributors in the City of Portland are required to meet the minimum biofuel content requirements for all fuel they distribute beginning on May 15, 2024. All diesel fuel distributed to retail stations, non-retail dealers, or wholesale purchaser-consumers must include a minimum of 15% biofuel content, from either renewable diesel or biodiesel. This requirement increases to 50% on May 15, 2026, and 99% on May 15, 2030”.

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

 

Crude oil is the main ingredient for gasoline and diesel. Per AAA, on average about 50% of what you pay at the pump is the price of crude oil, breaking down as 25% refining, 11% distribution & marketing, and 14% taxesa helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is trading at $70.67/barrel compared to $74.81/barrel,  last week and $75 a year ago. 

It’s essential to recognize that fuel prices result from a complex interplay of the factors mentioned above and other factors regionally. Additionally, prices may vary by specific regions within Oregon and Washington. For the most precise and up-to-date information on fuel prices and the causes for these price changes within your area, use the links below for AAA & GasBuddy.

If you have any questions, feel free to contact Star Oilco and speak to one of our fuel market advisors to discuss how the market can impact your business.

For other news in the fuel market:

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

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

Two semi-trucks driving on a highway with trees in the background
Fuel Market Report: Aug 18th – Aug 24th, 2024 1024 683 Star Oilco

Fuel Market Report: Aug 18th – Aug 24th, 2024

fuel-market-report-star-oilco
fuel-market-report-star-oilco-8-24-24
fuel-market-report-star-oilco-8-24-24-4
fuel-market-report-star-oilco-8-24-24-3
fuel-market-report-star-oilco-8-24-24-2

Oregon Fuel Price Variance

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Fuel Market News

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

 

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

 

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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 time in ten weeks, at a current price of $74.81/barrel, $0.35 higher than last week, as oil prices trend upward slightly this past week.

 

Crude oil is the main ingredient for gasoline and diesel. Per AAA, on average about 50% of what you pay at the pump is the price of crude oil, breaking down as 25% refining, 11% distribution & marketing, and 14% taxesa helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is trading at $74.46/barrel compared to $74.46/barrel,  last week and $76 a year ago. 

It’s essential to recognize that fuel prices result from a complex interplay of the factors mentioned above and other factors regionally. Additionally, prices may vary by specific regions within Oregon and Washington. For the most precise and up-to-date information on fuel prices and the causes for these price changes within your area, use the links below for AAA & GasBuddy.

If you have any questions, feel free to contact Star Oilco and speak to one of our fuel market advisors to discuss how the market can impact your business.

For other news in the fuel market:

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

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

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Fuel Market Report: Aug 11th – Aug 17th, 2024 1024 683 Star Oilco

Fuel Market Report: Aug 11th – Aug 17th, 2024

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Oregon Fuel Price Variance

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Fuel Market News

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

 

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

 

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

Important Note: Per the City Of Portland, “Distributors in the City of Portland are required to meet the minimum biofuel content requirements for all fuel they distribute beginning on May 15, 2024. All diesel fuel distributed to retail stations, non-retail dealers, or wholesale purchaser-consumers must include a minimum of 15% biofuel content, from either renewable diesel or biodiesel. This requirement increases to 50% on May 15, 2026, and 99% on May 15, 2030”.

 

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

 

Crude oil is the main ingredient for gasoline and diesel. Per AAA, on average about 50% of what you pay at the pump is the price of crude oil, breaking down as 25% refining, 11% distribution & marketing, and 14% taxesa helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is trading at $74.46/barrel compared to $78.43/barrel,  last week and $79 a year ago. 

It’s essential to recognize that fuel prices result from a complex interplay of the factors mentioned above and other factors regionally. Additionally, prices may vary by specific regions within Oregon and Washington. For the most precise and up-to-date information on fuel prices and the causes for these price changes within your area, use the links below for AAA & GasBuddy.

If you have any questions, feel free to contact Star Oilco and speak to one of our fuel market advisors to discuss how the market can impact your business.

For other news in the fuel market:

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

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