• June 25, 2024

Fuel Market Report: June 16th – June 22nd, 2024

Fuel Market Report: June 16th – June 22nd, 2024

Fuel Market Report: June 16th – June 22nd, 2024 1024 683 Star Oilco

Oregon Fuel Price Variance


Fuel Market News

Fuel prices jumped this week with the wholesale market seeing the biggest jumps as the retail market budged up slightly. The rack average for gasoline in Portland jumped $0.13, while B5 and B20 bumped up $0.10. The retail market saw less price fluctuation as the AAA average in Portland dropped $0.04 for gasoline. Four counties in Oregon had an average gas price below $4 (Baker, Deschutes, Gilliam & Polk) . Oregon is still one of the states with the highest fuel prices in the nation.

Curious to learn more about R80/B20 blends? Book an appointment with one of our low-carbon fuel analysts.

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.


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 above $80 for the second time in eight weeks, at a current price of $81.31/barrel, $1.11 higher than last week, as oil prices trended upward, for the third 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 $81.31 per barrel compared to $80.20/barrel, last week and $85 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.

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