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”.