Wholesale Price Average 2/8/25
| Wholesale Low | Wholesale Avg | |
|---|---|---|
| E10 | $2.46 | $2.55 |
| B5 | $2.43 | $2.50 |
| B20 | $2.49 | $2.56 |
Average Retail Prices 2/1/25
| National | Oregon | Washington | |
|---|---|---|---|
| E10 | $3.14 | $3.69 | $4.05 |
| B5 | $3.66 | $3.85 | $4.40 |
Taxes
| Federal | State: OR | Local | State: 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 News
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
Winter season is upon us; although weather conditions have been moderate thus far, a storm can quickly change that. To avoid any power outages for your operations, be sure your backup generators are topped off and ready to trigger when needed.
Get your generators topped off
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 traded below $75 this past week, at a current price of $73.14/barrel. This is $0.37/higher than it was last 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 currently trading at $73.14/barrel compared to $72.77/barrel last week and $71 a year ago.
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.