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Sunny Battazzi

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Fuel Market Report: Dec 3rd – Dec 9th, 2023 1024 697 Star Oilco

Fuel Market Report: Dec 3rd – Dec 9th, 2023
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Oregon Fuel Price Variance

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Fuel Market News

Fuel prices continue to drop as we roll into December. Prices are down for gas and diesel in Oregon and Washington for the fourth week straight. The average gasoline price in Oregon dropped below $4/gal, although it is rare to see prices this low in the Portland area. Trends are expected to continue downward, as we officially enter the winter season on December 21st.

Reasons For Lower Prices:

  • Decreased demand for gasoline
  • Oil prices under $75, currently $72/barrel
  • Winter Fuel Blend

Crude oil is trading below $75 for the second straight week at a price of $71.40. $2 lower than it was last week, as trends continue downwards. A major factor in why fuel prices have continued to drop. OPEC+ announced last week they will cut oil production temporarily which may affect crude prices over the next few 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 around $72 per barrel compared to $74 last week and $91 a year ago.

It’s essential to recognize that fuel prices result from a complex interplay of the factors mentioned above in addition to 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, it is advisable to consult local news outlets, government energy agencies, or industry reports.

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

For other news in the fuel market:

● https://gasprices.aaa.com/?state=OR

● https://www.gasbuddy.com/charts

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

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November 2023 Fuel Market Recap 1024 697 Star Oilco

November 2023 Fuel Market Recap

November 2023 Fuel Market Recap for Portland, Oregon

Gasoline

The average price of a gallon of regular unleaded gasoline in Portland, Oregon, was $4.61 on November 30, 2023, up from $4.44 on November 1, 2023. This represents a 3.6% increase over the month.

Diesel

The average price of a gallon of diesel in Portland, Oregon, was $5.75 on November 30, 2023, up from $5.48 on November 1, 2023. This represents a 4.6% increase over the month.

Natural Gas

The average price of natural gas in Portland, Oregon, was $7.07 per million British thermal units (MMBtu) on November 30, 2023, up from $6.71 on November 1, 2023. This represents a 5.1% increase over the month.

November 2023 Fuel Market Recap for United States

Declining gasoline prices:

The national average for regular gasoline dropped by 5.1 cents per gallon compared to October, reaching $3.238 per gallon by the end of the month. This decline was driven by several factors, including increased refinery production, lower crude oil prices, and weaker demand due to seasonal factors.

Stable diesel prices:

Unlike gasoline, diesel prices remained relatively stable throughout November, fluctuating within a narrow range. The national average for diesel ended the month at $3.713 per gallon, just 0.2 cents higher than October.

Mixed natural gas market:

The natural gas market saw some volatility in November. Prices initially rose due to colder weather and increased demand for heating, but later retreated as temperatures moderated and storage levels remained above the five-year average.

Key Factors Affecting Fuel Prices

Global Oil Prices

The price of crude oil is the main driver of gasoline and diesel prices. Global oil prices were volatile in November, with the Brent crude oil benchmark trading between $76 and $92 per barrel.

Refinery Capacity

The availability of refining capacity is another important factor affecting fuel prices. Refinery capacity is currently tight, which is putting upward pressure on prices.

Seasonal Demand

Demand for gasoline and diesel typically increases in the winter months as people use more fuel for heating and transportation. This can also put upward pressure on prices.

Predictions for December 2023

Gasoline

Gasoline prices are expected to remain relatively stable in December, with the average price in Portland staying between $4.50 and $4.75 per gallon.

Diesel

Diesel prices are also expected to remain relatively stable in December, with the average price in Portland staying between $5.60 and $5.80 per gallon.

Natural Gas

Natural gas prices are expected to increase slightly in December, with the average price in Portland reaching between $7.30 and $7.50 per MMBtu.

Tips for Saving Money on Fuel

Drive less

This is the most effective way to save money on fuel. If you can carpool, take public transportation, or walk or bike instead, you can significantly reduce your fuel costs.

Drive efficiently

When you do drive, make sure you are driving efficiently. This includes following the speed limit, avoiding hard braking and acceleration, and using cruise control whenever possible.

Shop around for the best gas prices

Gas prices can vary significantly from station to station. Before filling up, take a few minutes to compare prices at different stations.

Consider using a fuel card

A fuel card can help you track your fuel spending and identify areas where you can save money.

Take advantage of fuel discounts

Some credit cards, loyalty programs, and employers offer discounts on fuel. Look for ways to take advantage of these offers.

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Powering Through Outages With Backup Generators 1024 1024 Star Oilco

Powering Through Outages With Backup Generators

Backup Generators: How They Work & How They Are Powered  

A backup generator is an essential part of any preparedness plan for your home or business. An outage isn’t a problem when you have a backup generator, they provide you with reliable power when the grid goes down. Backup generators are also reliable and safe to use, so you can have peace of mind knowing that your family or business is protected. They are a good investment for any home or business and can help you stay prepared in the event of a power outage. They are cost-effective, with many models available for affordable prices. They are also easy to install and maintain, making them a great option for those looking for a reliable solution for their home or business.

How Backup Generators Work 

The backup generator converts fuel into electricity. Gasoline, diesel, and natural gas are the most common fuel sources for backup generators. In the event of a power outage, the generator automatically starts up and generates electricity. As a result, lights, appliances, and other equipment in the home or business are powered by this electricity. 

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Types of Backup Generators 

Standby generators

These are the most common type of backup generator. They are permanently installed to the home or business’s electrical system and will automatically start up when there is a power outage. Standby generators are a popular choice for homeowners that are just want a reliable source of power during an outage to keep their family warm, keep major appliances running and now let food stored in a freezer go bad. If there’s a sump pump, you’ll also want a backup generator to keep that running.  

Portable generators

These generators are smaller and more portable than standby generators. They can be used to power essential appliances and equipment during an outage. Portable backup generators are handy to have in emergency situations such as storms, floods, and other natural disasters. A portable generator can keep essential appliances like lights, refrigerators, and medical equipment running until the grid is restored. These backup generators can also be handy for outdoor recreation such as camping and RV’ing to provide electricity for lights, appliances, and entertainment devices while enjoying the outdoors. They can also be used for tailgating and outdoor events to power grills, music systems, and other equipment for tailgating parties, backyard weddings, and outdoor movie nights. 

Inverter generators

These generators produce clean power that is safe for sensitive electronics. They are a good choice for homes and businesses with computers, televisions, and other electronic devices. Inverter generators provide a quiet operation, clean power and fuel efficiency. Inverter generators produce a smoother, more stable AC current, similar to what you get from the grid. This is crucial for powering sensitive electronics like laptops, smartphones, and medical equipment without damaging them. These can be a great option for construction sites to provide a clean and stable power for tools and equipment on the construction sites. Mobile businesses such as food trucks and vendors also rely on inverter generators to power their equipment when they’re on the go.

How Backup Generators Are Powered

Gasoline:

Gasoline is the most common fuel for portable generators. It is readily available and relatively inexpensive. Gasoline is easy to use and can be stored for long periods of time. However, it is also highly flammable and can be dangerous if not handled properly. It is also not as efficient as some other fuels, such as diesel or natural gas. 

Diesel:

Diesel fuel is more expensive than gasoline, but it is also more efficient. Diesel generators can run for longer periods of time on a single tank of fuel. Diesel generators are also more reliable and have a longer life span than gasoline generators. Additionally, diesel engines produce lower emissions than gasoline engines. 

Natural gas:

Natural gas is the most convenient fuel for standby generators. It is piped directly into the home or business, so there is no need to store fuel. It is also a relatively clean-burning fuel, producing fewer emissions than other fossil fuels such as coal. Additionally, it is relatively inexpensive compared to other energy sources. 

Choosing a Backup Generator  

The size of the generator:

The size of the generator you need will depend on the amount of electricity you need to power during an outage.  The size of the generator will determine how much power it can provide, so it is important to choose a generator that is large enough to meet your power needs. If the generator is too small, it will not be able to provide enough power to meet your needs during an outage.  

The type of generator:

The type of generator you need will depend on your individual needs. For example, if you have a lot of sensitive electronics, you will need an inverter generator. Inverter generators are more lightweight and produce less noise than traditional generators. They are also more efficient and can provide more power than traditional generators. 

The fuel source:

The fuel source you choose will depend on your availability and budget. Different fuel types have different advantages and disadvantages. Diesel and propane generators are more reliable than gasoline generators, but gasoline generators are cheaper and easier to transport. 

The location of the generator: 

Make sure the generator is located in a safe area away from any potential hazards. The generator should also be positioned in such a way that it cannot be affected by wind or rain. The generator should be regularly checked and maintained to ensure it is working properly. 

Benefits of Having a Backup Generator 

Peace of mind

Knowing that you have a backup generator can give you peace of mind during an outage. 

Protection from property damage

Backup generators can help protect your home or business from damage caused by power outages. 

Increased productivity

Backup generators can help you stay productive during an outage. 

Convenience

Backup generators can make life more convenient during an outage. 

Backup generators are an essential part of any home or business preparedness plan. They can provide a reliable source of power during an outage, keeping your home or business running and protecting you from property damage. Backup generators are crucial for businesses of all sizes, providing a reliable source of power during outages and ensuring continuity of operations.  

Backup generators can help to protect revenue and productivity. If there’s a power outage it can bring a business to a standstill, leading to lost revenue, productivity and inability to help their customers. Backup generators can prevent these disruptions and keep businesses in operation. They also provide the ability to safeguard data and equipment. With many modern businesses relying on computers, servers and other electronic equipment, power outages can cause data loss, equipment damage and costly downtime. Hospitals, data centers and other sensitive facilities require uninterrupted power supply provided by backup generators to maintain critical operations and safeguard lives and valuable data. Industries such as hospitals and manufacturing have regulatory requirements for maintaining power supply during outages.

Backup generators provide critical power for safety systems like security alarms, emergency lighting and fire suppression systems to ensure the safety and well-being of employees, customers and the public. Businesses that prioritize employee safety will be more attractive to employees and can increase the retention of staff. Backup generators demonstrate a commitment to a safe work environment. Maintaining supply chain integrity with uninterrupted power allows for reliability. As the grid becomes increasingly vulnerable with severe weather, cyberattacks and aging infrastructure, backup generators provide more reliability for a power source independent of the grid. Cyberattacks are more and more of a concern as our technology reliance grows and it can cause widespread outages as power grids are targeted. Businesses with backup generators can create a hedge against these attacks to ensure the operations are protected even when the grid may be compromised. Backup generators aren’t just a luxury, they’re an essential investment for home and businesses to provide not only productivity and convenience but also safety. They ensure home and businesses can weather any storm.  

Need your backup generator fueled? Contact Star Oilco today to refuel your backup generator. Has it been awhile and wondering if you need your fuel checked in your backup generator? Give us a call. We can check your fuel quality to make sure your fuel is ready when you need it. 

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Fuel Market Report: Nov 26th – Dec 2nd, 2023 1024 697 Star Oilco

Fuel Market Report: Nov 26th – Dec 2nd, 2023
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Oregon Fuel Price Variance

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Fuel Market News

Prices drops were very moderate this past week, as prices across the board did not drop more than $0.10. Although the average retail price in Oregon for gasoline is expected to drop below $4, it is uncommon to see prices that low in the Portland area. The wholesale market has continued to drop with prices down $0.20 from previous weeks. Many analysts say that this is a result of the lower prices of oil over the last month, helping keep prices low at the pump. Washington’s fuel prices are still hovering over $4.30 for gasoline and over $5 for diesel. Significantly higher than the average prices throughout Oregon. Oregon also announced a new fuel tax coming onto the market in the new year which will add $0.02/gallon of fuel sold, effective Jan 1st, 2024.

Key Reasons For Lower Prices:

  • Oil Market Trending Downward
  • Oil prices under $75, currently $73/barrel
  • Winter Fuel Blend

Crude oil is still trading below $80 for the fourth straight week at a current price of $73.49. This is $1 lower than it was last week, a good sign for fuel prices across the nation.

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 around $78 per barrel compared to $83 last week and $89 a year ago.

It’s essential to recognize that fuel prices result from a complex interplay of the factors mentioned above in addition to 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, it is advisable to consult local news outlets, government energy agencies, or industry reports.

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

For other news in the fuel market:

● https://gasprices.aaa.com/?state=OR

● https://www.gasbuddy.com/charts

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

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Diesel 1 vs Diesel 2 1024 578 Star Oilco

Diesel 1 vs Diesel 2

Diesel 1 and Diesel 2 can often bring confusion when it comes to understanding what the differences are between them. Consumers can have confusion about which one is best for their equipment or their business. Whether they’re looking for improvements in quality, igniting quickly with its high cetane rating for easy starts in cold weather or ensuring overall efficiency with engine performance and lower maintenance needs. We will explore the differences between Diesel 1 and Diesel 2 and help you understand the benefits of each. 

Key distinctions between the properties of Diesel 1 and Diesel 2 

Before you invest your hard-earned money in fuel that might not be suitable or, even worse, could harm your vehicles and equipment, let’s clear the air. Let’s simplify the differences between Diesel 1 and Diesel 2 in a way that’s easy to follow and gives you the confidence you need. 

Sulfur Content

Diesel 1: Lower sulfur content, reducing sulfur dioxide emissions and aligning with environmental standards.

Diesel 2: Higher sulfur content for specific applications with advanced emissions control. 

Cetane Number

Diesel 1: Boasts a higher cetane number (ignition quality of diesel fuel), ensuring better ignition and smoother combustion, especially in cold weather.

Diesel 2: It has a lower cetane number and is optimized for slightly delayed ignition in engines designed for this grade. 

Viscosity

Diesel 1: It generally has a lower viscosity, facilitating smoother fuel flow and distribution. 

Diesel 2: Its higher viscosity may require specialized fuel systems designed to handle its thicker consistency, such as generator power plant engines or industrial machinery. 

Cold Flow Properties

Diesel 1: It excels in cold climates because it contains kerosene and lacks paraffin, which prevents the diesel from gelling in colder temperatures. So, it’s best for the residents of the coldest regions.

Diesel 2: This fuel needs additional winterization measures in extremely cold temperatures, like mixing Diesel 1 (20%) with Diesel 2 (80%) and additives to lower the viscosity of Disesel 2. But make sure that your vehicle’s engine is capable of handling it.

Additives

Diesel 1: Contains extra constituents that improve cleanliness and lubrication and reduce rusting effects due to corrosion inhibitors in the engine. It also has demulsifiers that separate water from the fuel system and prevent engine problems. 

Diesel 2: Generally has fewer additives; common ones decrease viscosity for more accessible engines starting in cold conditions. Due to the higher wax content, some other chemicals are infused within it to stop the accumulation of wax sediments. 

Engine Wear and Tear

Diesel 1: Gentle on engines with low wax content, anti-corrosive additives, and high cetane rating, resulting in less wear, lower maintenance, and a longer lifespan. 

Diesel 2: Causes more wear, but viscosity contributes to enhanced lubrication and mitigates engine damage by reducing friction. 

Sound

Diesel 1: Less noisy due to its high cetane rating, ensuring rapid ignition and reducing the usual knocking sound linked with diesel engines. 

Diesel 2: Tends to be noisier due to a lower cetane rating and a longer combustion process. Results in higher levels of heat and pressure for a louder engine. 

Smoke Release

Diesel 1: Emits less smoke due to quick ignition and cleaner exhaust due to lower wax levels, demulsifiers, and other additives that cause smoke. 

Diesel 2: Results in smokier emissions because of a lower cetane rating, slower ignition, and increased accumulation of unburned fuel. 

Fuel Energy Efficiency 

Diesel 1: Slightly lower fuel economy (miles per gallon) than Diesel 2 due to its lighter grade and lower heating value. 

Diesel 2: It burns more slowly and proves to be the superior choice for extended highway travel, optimizing efficiency and minimizing refueling stops.

Cost

Diesel 1: It comes at a slightly higher cost because it is enhanced with lubricants, reducing friction for efficient fuel system operation. The premium diesel D1 has more benefits, like reduced repairs.  

Diesel 2: Represents a more economical choice. Despite lacking premium additives, more miles per gallon and a higher heating value make it the least expensive option at the pump. 

Finding the Right Fuel Fit: Diesel Decisions 

Selecting the appropriate diesel for your vehicle is crucial, and it all comes down to your vehicle type, usage, and environmental conditions for optimal performance. Diesel #2 is cost-effective and versatile for everyday commuting, while Diesel #1 is ideal for high-performance or newer engines due to its higher cetane rating.  

Trucks and heavy-duty vehicles benefit from Diesel #2’s versatility and cost savings. In fleet management, Diesel #2 is practical for various vehicles. Diesel #1 is the choice for lower emissions compliance in environmentally strict areas. Always check your vehicle manual for specific recommendations. 

Diesel 1 and Diesel 2 bring unique qualities to engines and the environment. Diesel 1 is cleaner and ideal for high-performance engines and excels in colder climates. Diesel 2, versatile and cost-effective, suits everyday driving and heavy-duty vehicles.  

Understanding these distinctions empowers you to make informed diesel decisions, ensuring engine longevity and environmental responsibility. 

If you have any questions about different fuels, feel free to give us a call and speak to one of our fuel experts.  

503-283-1256
www.staroilco.net 

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When to use Off-Road Diesel 1024 768 Star Oilco

When to use Off-Road Diesel

What are the benefits and when can you use off-road diesel 

Off-road diesel excels with a higher cetane rating, enhancing engine performance and offering cost savings without taxes. However, it’s strictly for off-road vehicles like tractors and construction machinery. Using it in regular on-road cars is illegal, leading to fines and potential imprisonment. 

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Advantages of off-road diesel 

Higher Cetane Rating: Igniting Efficiency 

Off-road diesel takes the lead with a significantly higher cetane rating. With quicker ignition, 20% fewer emissions, and an impressive 15% reduction in engine downtime. It’s not just fuel; it’s a performance booster. 

Engine Performance and Durability 

Crafted for off-road adventures, this fuel has specialized additives that provide extra lubrication and deliver approximately 12% improvement in engine efficiency. Better performance isn’t just a promise; it’s a measurable reality with a 10% boost in fuel economy. 

No Tax, More Savings 

On-road diesel carries higher taxes, supporting highway maintenance. The federal tax is the same across the U.S., but states can add charges based on volume or spending. In contrast, off-road fuel sidesteps federal and state excise taxes due to non-road use, as it causes no wear and tear on the roads, saving you more with each gallon. 

Cost-Effective Fueling 

Brace yourself for the financial magic – lower tax rates. Off-road diesel translates into tangible savings, averaging 25 to 50 cents per gallon. For businesses on the off-highway path, it’s not just about fuel; it’s about a budget-friendly journey with an estimated annual savings of $5,000 to $10,000. 

Legal Ease: Staying Compliant 

Dyed in red for a reason, off-road diesel isn’t just a visual standout; it’s a regulatory lifesaver. If you follow standard rules, avoid penalties, choose a fuel that aligns with the law while boasting a 0% penalty rate for unauthorized use. It’s your ticket to smooth, trouble-free operations. 

Dyed Diesel: A Dual Role in Heating 

Expand the use of dyed diesel beyond the road. If your furnace can run on heating oil, embrace dyed diesel for a potential 20% savings on heating costs. It’s not just a fuel choice; it’s a strategy for financial warmth. 

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On-Road Diesel vs Off-Road Diesel: Key Differences 

Let’s simplify the diesel dilemma. Both on-road and off-road options share the same chemical makeup, but here’s the twist.

Legal Roads: 

On-road Diesel: Legal for road vehicles, dispensed at gas stations. 

Off-road Diesel: Reserved for non-road machines (tractors, generators).  

Legal Boundaries: 

On-road Diesel: Mandatory for licensed road vehicles in the U.S. 

Off-road Diesel: Illegal for on-road vehicles; hefty fines ($100 to more than $1,000 for one gallon) for misuse, or you may lose your job. 

Color Code: 

On-road Diesel: Clear, available at local gas stations, often called clean or green fuel due to eco-friendliness. 

Off-road Diesel: Red-tinted, dyed for off-road identification. 

Sulfur Content: 

On-road Diesel: Adheres to low sulfur content standards set by the EPA ( (15 ppm sulfur). 

Off-road Diesel is intended for off-road machinery and may have a higher sulfur content (maximum 3000-5000 mg/kg). 

Tax Terrain: 

On-road Diesel: Subject to state excise and federal taxes, generally pricier. 

Off-road Diesel: Tax-exempt, cost-effective for industries like construction and agriculture. 

Availability Channels: 

On-road Diesel: Available for purchase at gas stations. 

Off-road Diesel: Sold through bulk distributors for industrial use. 

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Off-road Diesel: Who Qualifies? 

Off-road diesel isn’t for everyone, but it could be your fuel hero if you’re in specific industries. 

Who Can Use? 

  • Construction Industry: Heavy-duty champions like cranes, loaders, and excavators 
  • Agriculture Realm: From tractors to harvesters, it fuels the farm force. 
  • Specialty Equipment: Generators, heaters, and more, amplifying productivity. 

Exceptions: 

  • Separate Tanks for Equipment: If your vehicle has a dedicated tank for extra gear, like in reefer trucks, and it doesn’t power the motor, you’re in. 
  • Emergency Saviors: In state-declared emergencies (severe weather or disasters), using off-road diesel on public roads might get a temporary nod. Rules vary, so check your state’s stance.  

Who Are Not Allowed To Use? 

  • Regular On-road Vehicles: Cars, SUVs, and standard trucks hitting public roads or any vehicle having the license to move on the road. 

Ultimately, on-road powers our daily commute, but off-road, dyed in red, proves the unsung hero for industries, offering substantial savings. Portland’s and Pacific Northwest’s off-road fuel suppliers have trustworthy reputations as fuel suppliers.  

Legal boundaries are crucial – fines loom for misusing off-road diesel. So, whether on legal roads or off, choose wisely, stay compliant, and drive on with informed decisions and smoother rides ahead! 

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Fuel Market Report: Nov 12th – Nov 18th, 2023 150 150 Star Oilco

Fuel Market Report: Nov 12th – Nov 18th, 2023
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Oregon Fuel Price Variance

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Fuel Market News

As drivers prepare for the Thanksgiving holiday, they can also look forward to lower gas and diesel prices across the state of Oregon. It is the holiday travel season which means there will be even more drivers on the road, typically driving longer distances to gather for holiday celebrations. AAA projects that 55.4 million Americans will travel 50 miles or more from home for Thanksgiving. Fortunately, holiday drivers will get a break at the pump as gas prices in Portland dropped $0.20, and diesel prices in Portland dropped $0.12.

Key Reasons For Lower Prices:

  • Volatile Oil Market Trending Downward
  • Stronger Dollar
  • Reduced Market Concern With Conflict In Israel
  • Oil prices under $80, currently $77/barrel

Crude oil is trading below $80 for the second straight week at a current price of $77.99. This is $1 lower than it was last week, a less significant drop than weeks previous, but still a good sign for overall fuel prices.

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 around $78 per barrel compared to $83 last week and $89 a year ago.

It’s essential to recognize that fuel prices result from a complex interplay of the factors mentioned above in addition to 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, it is advisable to consult local news outlets, government energy agencies, or industry reports.

For other news in the fuel market:

● https://gasprices.aaa.com/?state=OR

● https://www.gasbuddy.com/charts

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

Sign Up
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Fuel Tax Advantages 1024 683 Star Oilco

Fuel Tax Advantages

A Guide To Fuel Tax Advantages And Wholesale vs Retail Prices 

Wholesale prices from direct deals cut costs for businesses buying in bulk. Retail prices, including taxes and operational fees, determine your pump price. Opting for fuel supplier purchases gives businesses constant supply, stable prices, and a boost in productivity. 

Discover the layers of federal, state, and sales taxes shaping retail diesel costs and we will also discuss the exlusive advantages of choosing a local fuel supplier.  

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The Difference Between Wholesale vs Retail Prices 

In fuel commerce, the distinction between wholesale and retail prices plays a crucial role in shaping business strategies and consumer choices. If we dive into the key differences that define these pricing models:

Wholesale Fuel Prices 

It represents the fuel cost at the initial point of sale between the fuel supplier and business entities. This transaction is pivotal for businesses that require fuel in substantial quantities. Here’s a breakdown of the key points: 

Transaction Dynamics 

  • Wholesale fuel prices are decided through direct transactions between fuel suppliers and businesses. 
  • These transactions typically involve bulk purchases, allowing businesses to acquire fuel in larger quantities. 

Bulk Purchase Advantage 

  • One of the primary features of wholesale fuel prices is the cost advantage associated with bulk purchases, such as consistent prices and no price inversion according to market demands. 
  • Businesses buying fuel in larger quantities can negotiate lower prices per unit, resulting in significant cost savings. 

Retail Fuel Prices 

This is the total cost consumers bear at gas stations or retail outlets. It’s essential to recognize the elements contributing to retail prices, providing a transparent view for consumers. 

Tax Inclusions 

A notable component of retail fuel prices is taxes. These taxes are imposed at federal, state, and local levels, contributing to government funds for infrastructure and transportation projects. 

Retailer Margins and Operational Costs 

  • It incorporates the profit margin of the fuel retailer. 
  • Operational costs, such as maintenance, staffing, and other overheads related to running a retail outlet, are also factored into the final retail price. 

Taxes Associated with Retail Fuel Prices 

Understanding fuel taxes is crucial for businesses and consumers alike, as these levies play a vital role in government revenue and impact the final pump price. Here’s a concise breakdown: 

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Federal Excise Tax: 

The nature of this tax is a fixed amount applied to each gallon of fuel, covering both gasoline and diesel. It primarily funds essential national projects, especially those linked to highways and commuting infrastructure. 

State Excise Tax: 

This fuel tax varies by state, leading to diverse fuel prices. Revenues go directly to state transportation funds, supporting local projects like road maintenance. Higher tax rates in some states mean higher fuel prices at the pump. 

Sales Tax: 

This tax is a percentage of the total sale price, including the base fuel price and applicable excise taxes.  

Structures vary, with some states applying the percentage to the sum of the base price and excise taxes from federal and state authorities. The revenues fund general state services beyond conveyance projects. 

The Business Benefits of Bulk Fuel Purchases From Fuel Suppliers 

Buying fuel at wholesale prices is a strategic move that can uplift your business more than you think. These benefits are particularly relevant for large-scale operations in both industrial and governmental sectors and fuel sellers who acquire wholesale fuel for end-customer distribution. 

1. All-Time Availability:

Annual contracts with bulk fuel suppliers ensure a consistent and reliable fuel supply, eliminating the risk of interruptions during emergencies and providing specific machinery with a steady source. 

 

2. Consistent Pricing and Time Savings:

Locking in a contract guarantees compatible fuel prices, allowing for budgetary planning. This streamlined process saves time, eliminating the need for market price research, negotiations, and interruptions to operations. 

 

3. Continual Supply and Price Protection:

Bulk fuel contracts offer a constant and uninterrupted fuel supply, shielding businesses from market fluctuations. Additionally, they prevent the impact of rare occurrences like price inversions, ensuring stability in fuel costs and availability. 

 

4. Increased Productivity:

Immediate access to fuel minimizes route deviations for delivery vehicles, streamlining operations and enhancing fleet competitiveness. On-site fuel storage eliminates concerns about station closures during off-hours, weekends, or holidays, reducing logistical complexities for 24/7 operations. 

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Emergency Fuel Delivery 1024 683 Star Oilco

Emergency Fuel Delivery

What to Do When You Run Out of Fuel

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Fuel is a necessity for many businesses to be able to operate effectively. Companies such as construction, fleets and delivery companies, they all need fuel in order to operate their business. Fuel is also a major cost for businesses, and prices can fluctuate significantly. Companies must therefore carefully monitor fuel usage and prices and there are strategies to keep fuel costs low as well as convenience and reduced labor costs by running out of fuel. Star Oilco is Portland’s preferred fuel supplier and works with many businesses to keep their businesses running by providing fuel deliveries.  

Impact of Fuel Shortage On Businesses 

Fuel shortages can lead to many issues if the fuel is unavailable. Employees have to take time while on the clock to go refuel or productivity simply stops because of the need for fuel to run equipment. It can pause construction, delay deadlines, and result in severe financial loss. In the event of fuel shortage, having a reliable source to refuel can make a difference.

Fuel shortages can lead to many issues if the fuel is unavailable. Employees have to take time while on the clock to go refuel or productivity simply stops because of the need for fuel to run equipment. It can pause construction, delay deadlines, and result in severe financial loss. In the event of fuel shortage, having a reliable source to refuel can make a difference.  

Downtime in Construction

Diesel fuel plays a lifeblood in construction. Heavy construction equipment constantly consumes fuel. Without fuel, all the construction equipment is useless. The need for more fuel can standstill the whole process of construction. That results in downtime, missing the deadline, and could potentially affect the reputation of the construction business.  Therefore, it is important to plan fuel logistics carefully in order to ensure that the construction equipment has adequate fuel supply. This can be achieved by having an efficient fuel storage and distribution system. Moreover, it is important to monitor the fuel levels regularly to ensure that the construction equipment has adequate fuel. Many construction companies will use fuel cans for their projects, would leads to empty or half-full cans laying around the job site, employees running into town to fill up the empty cans frequently, and potentially spillage each time a fuel can is being used or filled up. We suggest using a company such as ourselves that can provide a fuel delivery service and keep your employees working. Whether we provide fuel directly to your equipment, or you have one of our fuel cubes on site, we can deliver fuel to your job sites and keep your business in operation. 

Concern of Perishable Items in Grocery Stores 

Grocery stores keep perishable products in refrigerated trailers to ensure freshness. If the fuel runs out, the required temperature cannot be maintained, which can affect the quality of the products. This results in a bad impact on the grocery store business. Having a fuel supplier come out routinely to fill up your refrigerated trailers allows you to focus on other aspects of your business and not worry about whether or not your reefer will run out of fuel. By eliminating the possibility of running out of fuel, you also decrease the chances of having to get emergency fuel on nights or weekends when there could be other fee’s in order to delivery during off hours. 

Logistical Nightmares For Truck Fleets 

Shortage of fuel for truck fleets can disrupt delivery schedules. Fuel shortage is challenging for truck fleets and disturbs any company’s supply process.  Companies should plan ahead and make alternative arrangements to ensure their fuel needs are met. They should also develop strategies for managing fuel demand and budgeting for fuel-related expenses. Additionally, truck fleets should be aware of potential fuel shortages and plan accordingly by having a company like Star Oilco come out and either fuel up their trucks on a routine basis, or top off one of our fuel cubes that you can have right on your property. Either way, Star Oilco is a local fuel supplier that looks forward to being the solution for businesses across the Pacific Northwest. 

Advantages of Emergency Fuel Delivery 

Many fuel companies claim to deliver fuel in an emergency but there are questions to ask before considering who you should use as a fuel supplier. There are several benefits with using Star Oilco as an emergency fuel delivery company.  Star Oilco guarantees prompt service and competitive prices. We also have an experienced team to handle any fuel-related issues that may arise. We provide fuel on-site whether directly to your fleets or in one of our fuel cubes that you can have on-site. We provide a hassle-free service to save your staff time in refueling. We will be out there even when the temperatures decrease and there is cold weather. We provide peace of mind knowing that your operations can still continue and allow for productivity everyday. 

Star Oilco Emergency Fuel Services 

Star Oilco is Portland, Oregon’s preferred fuel supplier for many reasons, including…  

  • Highly Professional Drivers: We have highly professional and trained drivers who refuel on time
  • Refuels when you need it: We deliver fuel directly to your fleet’s fuel tanks and equipment on the work site
  • Fleet trucks fueling: We are available to refuel at convenient times for fleet fueling
  • Emergency service in bad weather: We keep your fuel tanks full in cold weather conditions and respond quickly when in an emergency
  • Refrigerator trailers: Star Oilco also provides fuel for refrigerator trailers
  • Easy billing: Reduce your invoices and work through one fuel supplier
  • Fulfills off-road diesel requirements: Star Oilco cares about your needs and provides quality diesel for emergency backup generators and off-road diesel equipment
  • According to the law: We refuel diesel according to the local state law of blending biodiesel 

If your business uses diesel to fuel your business in one way or another, Star Oilco can be of service. Whether you’re in need of a cardlock account to access discounts directly at the pump when traveling, or you could benefit from a fuel supplier devliering fuel to your workplace or jobsite, Star Oilco can be a quality solution for Portland, Oregon’s commercial operations.  

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Fuel Market Report: Nov 5th – Nov 11th, 2023 1024 697 Star Oilco

Fuel Market Report: Nov 5th – Nov 11th, 2023
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Oregon Fuel Price Variance

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Fuel Market News

This week drivers experienced minimal price changes as retail gasoline and diesel both dropped $.05, while wholesale gasoline prices dropped $0.02 and diesel dropped $.14. Drivers should continue to see these prices decrease as we go deeper into winter. Oil is trading at a current cost of $78/barrel. This is a good sign for the fuel market as a whole. These trends are typical for this time of year as we head into the winter months so don’t get too excited.

Key Reasons For Lower Prices:

●  Winter fuel blends are cheaper to manufacture & distribute

●  Demand for gasoline is currently flat

●  Oil prices currently $78/barrel

Crude oil is trading below $80, at a current price of $78.32. This is $5 lower than it was last week, a significant drop that will continue to contribute to the lowered cost of fuel.

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. To give a comparison to Crude Oil pricing, it is trading around $78 per barrel today compared to $83 last week and $89 a year ago.

It’s essential to recognize that fuel prices result from a complex interplay of the factors mentioned above in addition to 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, it is advisable to consult local news outlets and industry reports to follow along with the market trends. If you have any questions, feel free to contact Star Oilco and speak to one of our fuel market advisors to discuss how the market can impact your business.

For other news in the fuel market:

● https://gasprices.aaa.com/?state=OR

● https://www.gasbuddy.com/charts

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