Fuel Market Report

Prices jumped across the board this past week. Rack averages in Portland jumped $0.13/gal on E10 and $0.10/gal on diesel. This comes as a surprise as crude oil prices have remained below $70/barrel. Although it is the season when prices typically begin to rise due to a mix of the summer blends of fuel coming back to the market, the refinery maintenance required to make this switch, and the higher price to produce summer blends of fuel. Prices at the pump may continue to hover in the $3.90 – $4.10/gal range in the weeks ahead.

Oregonians may be in store for higher diesel prices this year with the end of Blenders Tax Credits, the introduction of the Producers Tax Credit & the Oregon Climate Protection Program going into 2025. For more on this report visit the link below.

2025 Fuel Market Outlook: Oregon

Price variances were minimal this past week. Rack averages in Portland dropped $0.14/gal for gas while diesel (B5 & B20) closed the week at the same price as they did last week. Prices have been fairly low given the constant fluctuation with the new administration and tariffs being announced then delayed again. Oil prices are lower than they were two months ago, which has Oil CEOs in serious turmoil in attempts to help their profits with current oil pricing. President Trump is set to meet with Oil CEOs later this week to discuss market stability.

Oregonians may be in store for higher diesel prices this year with the end of Blenders Tax Credits, the introduction of the Producers Tax Credit & the Oregon Climate Protection Program going into 2025. For more on this report visit the link below.

2025 Fuel Market Outlook: Oregon

Fuel prices dropped across the board this past week with both gas and diesel down in price from the weeks previous. Portland rack averages dropped $0.06/gal for gas,  $0.13/gal for B5 diesel and $0.04/gal for B20 diesel. Crude oil prices dropped below $67/barrel this week which contributed to the reduced fuel prices across the US. Although these price dips may not last long with President Trump’s 10% tariff on Canadian energy (not included in the USMCA) we will likely see higher energy cots in the Northeast states.

President Trump once again delayed his tariffs on Mexico and Canada creating further confusion within the market. This delay will last till April 2nd, Mexico & Canada will not receive tariffs on anything under the USMCA agreement. The constant back and forth over tariffs in the last 3 weeks has created a great deal of uncertainty in the US stock market with the Fear and Greed Index reaching far to the left of the scale with a score of 15 representing extreme fear within the market. Time will tell how the market responds over the next few weeks as more comes out of the Trump administration.

Oregonians may be in store for higher diesel prices this year with the end of Blenders Tax Credits, the introduction of the Producers Tax Credit & the Oregon Climate Protection Program going into 2025. For more on this report visit the link below.

2025 Fuel Market Outlook: Oregon

It was an interesting week for price variances to close out February, as B5 and E10 prices fell, and B20 prices jumped. Portland rack averages jumped $0.09/gal for B20 while falling $0.03/gal for B5 and 0.06/gal for E10. This is the time of year we normally see prices experience upward fluctuation as refineries begin seasonal maintenance while switching from winter to summer fuel. With all of this in play, oil prices have remained relatively low for the past 3 weeks which has kept price jumps lower than expected.

President Trump’s tariffs on Canada & Mexico will take place on Tuesday, which has many analysts preparing for the unknown impacts they will carry. Uncertainty has seemingly been a theme for the first 90 days of Trump’s second Presidency as many markets are bracing for what could come next. Such uncertainties have trickled into the marine transportation industry as vessel owners are weary of entering long-term charter deals for oil tankers.

Oregonians may be in store for higher diesel prices this year with the end of Blenders Tax Credits, the introduction of the Producers Tax Credit & the Oregon Climate Protection Program going into 2025. For more on this report visit the link below.

2025 Fuel Market Outlook: Oregon

Fuel prices were somewhat stagnant this week as prices only moved about $0.02 to $0.04/gal on gas and diesel. Portland rack averages for gasoline dropped $0.02/gal while diesel jumped $0.04/gal. The retail market saw a higher degree of price variance with gas up $0.08/gal and diesel up $0.10/gal in Oregon. As we approach the Spring season, the summer blend of fuel will begin to hit the market again which usually comes with price hikes with refineries maintenance and repairs across the West Coast. Many refineries in California have already begun their seasonal repairs which is part of the reason prices are up across the West Coast. President Trump has also remained steadfast on his tariffs with new announcements of 10% on US oil with plans to impose 25% tariffs on Mexican crude oil and a 10% levy on Canadian crude oil in March. This has triggered a response from China with Beijing announcing 15% tariffs on coal and LNG and 10% on crude oil and heavy-duty car engines.

Oregonians may be in store for higher diesel prices this year with the end of Blenders Tax Credits, the introduction of the Producers Tax Credit & the Oregon Climate Protection Program going into 2025. For more on this report visit the link below.

2025 Fuel Market Outlook: Oregon

Fuel prices jumped across the board this week with both wholesale and retail seeing price bumps of $0.10/gal or more. Rack averages in Portland jumped $0.14/gal for gasoline and $0.02/gal for diesel. The retail average for Portland increased $0.13/gal for gasoline and $0.02/gal for diesel. The national retail average also jumped $0.04/gal on gasoline. President Trump announced last week that he would halt tariffs on Mexico and Canada for 30 days but not be doing the same for China.  Yet this week he announced they are back on the table with a 25% tariff on steel and a 10% tariff on aluminum from both Canada and Mexico. This will likely cause an immediate rise in crude oil prices as steel and aluminum are used throughout crude oil infrastructure.

Oregonians may be in store for higher diesel prices this year with the end of Blenders Tax Credits, the introduction of the Producers Tax Credit & the Oregon Climate Protection Program going into 2025. For more on this report visit the link below.

2025 Fuel Market Outlook: Oregon

Fuel prices experienced a mix of fluctuations this past week as gas prices rose and diesel prices fell. Rack average in Portland jumped $0.06/gal for E10 and fell $0.12/gal for B5 and $0.06/gal for B20. From current market outlooks, we should see gas prices continue to climb this week. There is also skepticism of oil pricing spikes this month with President Trump’s tariff battles. We have already seen this with Canadian crude as tariffs have made it more expensive for U.S. refiners causing a competitive edge for European and Asian refiners. Canada is the largest supplier of heavy crude to American refiners with nearly 4 million barrels/day.

Oregonians may be in store for higher diesel prices this year with the end of Blenders Tax Credits, the introduction of the Producers Tax Credit & the Oregon Climate Protection Program going into 2025. For more on this report visit the link below.

2025 Fuel Market Outlook: Oregon

Fuel prices trickled up this past week as rack averages in Portland for gas and diesel increased. Rack averages for E10 jumped $0.03/gal while diesel jumped $0.02/gal. It was a fairly mild week of price fluctuations after the market had been very volatile since the start of the new year. This is partially due to oil prices jumping over $80 last week with prices above $75 most of January. Fortunately, prices are back down to about $73 this week.

There is much left to the unknown within the energy industry with the new administration and sweeping executive orders. A few things that may be changing soon are: tax credits, CAR (Cap at Rack), Climate Commitment Acts, and environmental protections within the industry. Each of these pillars has a unique impact on the industries within each state. The first 90 days of the new administration will have a significant impact on the future of our industry.

Oregonians may be in store for higher diesel prices this year with the end of Blenders Tax Credits, the introduction of the Producers Tax Credit & the Oregon Climate Protection Program going into 2025. For more on this report visit the link below.

2025 Fuel Market Outlook: Oregon

Fuel prices jumped this past week with rack averages up on gas and diesel. Rack averages in Portland jumped $0.10/gal for E10 (unleaded gasoline) and $0.20/gal for B5 & B20 (diesel). Since Jan 1st prices have jumped $0.20/gal on diesel and $0.15/gal on gas. Jan 20th marks the beginning of Donald Trump’s second term as President which will likely be very eventful over the next 90 days. There are hopes of deregulation within the fuel/energy sector that may bring down costs but most all of this is unpredictable. Crude oil soared to its highest price in five months last week while prices at the pump were relatively stable. These price hikes come on the tail of new US sanctions on Russian oil.  

 Oregonians may be in store for higher diesel prices this year with the end of Blenders Tax Credits, the introduction of the Producers Tax Credit & the Oregon Climate Protection Program going into 2025. For more on this report visit the link below.

2025 Fuel Market Outlook: Oregon

Fuel prices have remained relatively low as we begin the new year. Between Christmas week and New Year’s, many professionals were on leave and/or out of the office which led to very minimal price variances across the board. Rack averages in Portland have varied between $0.10 to $0.05/gal settling a few cents off from their listed price to end December. Oregonians may be in store for higher diesel prices this year with the end of Blenders Tax Credits, the introduction of the Producers Tax Credit & the Oregon Climate Protection Program going into 2025. For more on this report visit the link below.

2025 Fuel Market Outlook: Oregon