• July 9, 2024

Fuel Market Report: June 30th – July 6th, 2024

Fuel Market Report: June 30th – July 6th, 2024

Fuel Market Report: June 30th – July 6th, 2024 1024 683 Star Oilco

Oregon Fuel Price Variance


Fuel Market News

Diesel prices jumped last week, while gas prices fell. Rack averages for B5 and B20 jumped $0.10/gal while E10 fell $0.04/gal. With the uptick in travel and outdoor activity over the holiday weekend, demand for non-ethanol prem gasoline skyrocketed, while Portland’s fuel supply dwindled to nothing for the high-demand fuel. Despite the allocation issue, prices for E10 fell which is very surprising. Fuel prices are still relatively low for the summer but we can expect prices to climb in the coming weeks.


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 fourth time in eight weeks, at a current price of $82.07/barrel, $1.48 lower than last week, as oil prices trended downward, for the first time in 4 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% taxesa helpful breakdown for consumers wondering why they are paying the prices that they pay. Crude Oil is trading at $82.07 per barrel compared to $83.55/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.

For other news in the fuel market:


Join the Fuel Market Report newsletter for your weekly fill of updates!