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

Fuel Market Report: May 19th, 2024 – 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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Don’t just fill up, power up: Diesel Quality Matters 1024 512 Star Oilco

Don’t just fill up, power up: Diesel Quality Matters

There are different grades of diesel fuel 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.

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, 2024 – April 27th, 2024 1024 683 Star Oilco

Fuel Market Report: April 21st, 2024 – 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.  

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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. 

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

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Fuel Market Report: April 14th, 2024 – April 20th, 2024 1024 683 Star Oilco

Fuel Market Report: April 14th, 2024 – April 20th, 2024

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Oregon Fuel Price Variance

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Fuel Market News

The wholesale market saw significant variance amongst rack average pricing as gasoline and diesel both dropped by $0.10 or more. Gasoline dropped $0.17 while diesel dropped $0.10. These price variances were felt throughout the local markets for fuel marketers but surprisingly did not affect the retail market. Average prices at the pump only moved by a penny. Crude Oil dropped by $3.00 which likely played a significant role in the downward pressure on fuel prices this past week. With the current growing conflicts in the Middle East, many analysts are preparing for high crude prices in the coming weeks.

 

Reasons For Lower Prices:

Crude oil is trading above $80 for the fourth straight week at a current price of $82.85/barrel. 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 $82.85 per barrel compared to $85.59 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 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 7th, 2024 – April 13th, 2024 1024 683 Star Oilco

Fuel Market Report: April 7th, 2024 – April 13th, 2024

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Oregon Fuel Price Variance

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Fuel Market News

The second week of April brought small variances to the retail market as the wholesale market closed with the same rack averages as it opened at last week. In Oregon, the retail market bumped up $0.04 for gasoline and $0.02 for diesel. The national average for gasoline also increased by $0.04 while diesel went up by only $0.03. Compared to the first week of April, this past week was much less extreme in terms of price variance, as most products on the market did not vary by more than $0.05.

 

Reasons For Higher Prices:

Crude oil is trading above $80 for the fourth straight week at a current price of $85.59/barrel. $0.38 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% taxesa helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is trading at $85.59 per barrel compared to $85.21 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 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: March 31st, 2024 – April 6th, 2024 1024 683 Star Oilco

Fuel Market Report: March 31st, 2024 – April 6th, 2024

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Oregon Fuel Price Variance

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Fuel Market News

Don’t let April Fool’s Day trick you, fuel prices are on the rise. The fuel market experienced significant price jumps for both gas and diesel this past week. Retail gas prices jumped $0.12, while diesel jumped $0.05. The wholesale market also bounced up this past week as rack averages bumped up $0.10 for gasoline and $0.17 for diesel. As we get into April and May it is likely we will see diesel in the $4.50-$5.00 range, as gas has already entered this range. Oil is above $80/barrel for the fourth week in a row, at a current price of $85.21/barrel. This is one of the main contributors to the higher fuel prices we have seen in recent weeks.

Oil prices are still above $80/barrel for the third time this month. This is one of the main contributors to the higher fuel prices we have seen in recent weeks.

 

 

Reasons For Higher Prices:

Crude oil is trading above $80 for the third week at a current price of $85.21/barrel. $0.25 lower than last week, as oil prices trended downward 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% taxes—a helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is trading at $85.21 per barrel compared to $85.46 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!