Fuel Market Report

Fuel prices jumped across the board this past week as rack averages are up in all product categories. Rack averages for E10 jumped $0.15/gal while B5 and B20 jumped over $0.17/gal. This is the largest jump we have seen in months. However, these shifts did not hit the retail market as the retail average only moved less than $0.05. The past weeks have been filled with stipulations on inflation due to the long shoremen strike and logistical challenges. Fortunately, the strike has been resolved for the time being and workers are back to the ports. Due to the resolution, we should see prices trickle back down over the next week.

Fuel prices experienced mixed variation this past week within the Portland market. Rack averages for E10 gasoline have continued to drop with prices down $0.13 this past week. Rack averages for diesel jumped with B5 up $0.04/gal and B20 up $0.09/gal. Stations throughout Oregon are still making the switch to the winter blend of fuel and this should continue into October as some are still lagging behind. Prices can be expected to fall into the month of October with lower demand and higher supply throughout the region, combined with the winter blend of fuel which is cheaper to manufacture. 

Fuel prices are down again this past week. Rack averages for E10 fell $0.15/gal while B5 dropped just $0.04/gal and B20 dropped $0.02/gal. The retail market did not see much of these price fluctuations as the retail average for gasoline in Portland dropped just $0.04 while jumping $0.03 for diesel. Refineries throughout California have had their seasonal maintenance in the past weeks which has caused reduced outputs of production affecting Oregon, Nevada, and Washington. September 22nd marked the official beginning of the autumn season. With winter fuel returning to supply within the market, we should see prices continue to drop over the coming weeks.

This past week oil prices and gasoline demand remained low. The wholesale market in Portland saw significant price dumps on diesel as rack averages for B5 and B20 fell $0.18/gal, while E10 jumped up $0.03/gal. The retail markets did not see this trickle down much as the retail average for both gas and diesel only moved a penny. The national average price of gasoline did drop $0.17/gal, but Oregon did not see this hit their markets. With demands still low and the winter blend of fuel coming back to the market, we can expect prices to remain relatively low over the next few weeks.

Gas prices increased while diesel prices wavered down this past week. Rack averages for E10 jumped $0.06/gal, while B5 and B20 both dropped over $0.05/gal. September 22nd marks the beginning of autumn as we disband from the summer season and enter autumn and winter. September 15th the winter blend of fuel will slowly make its way back into the market which may cause supply bottlenecks, and price jumps over the next few weeks. 

Prices jumped across the board this past week, as gas and diesel both went up in price on their rack averages. Rack averages for E10 jumped $0.05/gal while B5 & B20 jumped $0.04/gal. The Labor Day weekend didn’t see much of a price jump compared to years past. Current retail prices are nearly a dollar lower than they were last year. With low demands, fuel prices stayed low throughout the summer. This month the winter blend of fuel will come back to the market, likely seeing an uptick in price. 

The fuel market experienced a mix of price fluctuations this past week. Rack averages for gasoline dropped while diesel went up. The rack average for E10 fell $0.10/gal, while B5 jumped $0.10/gal and B20 inched up $0.03/gal. The summer blend of fuel is soon to be leaving the market on September 15th, as refineries switch back to the winter blend of fuel. This will likely cause supply bottlenecks and increases in price for fuel across the board. During this time refineries often slow operation and experience down times as they make the switch to winter fuel. 

The market was volatile this past week as gas prices continued to drop and diesel prices bumped up. Rack averages for gasoline dropped $0.03 while diesel jumped $0.07/gal for B5 and $0.13/gal for B20. Some of this trickled down to the local level as the retail average in Oregon dropped $0.02/gal for gasoline and diesel.

Prices have continued to drop throughout the market affecting the wholesale market more than retail stations. Rack averages are down for diesel and gas. B5 dropped $0.03/gal while B20 dropped $0.04/gal with gasoline having the biggest drop this week of $0.08/gal. The retail market did not see these pricing shifts trickle down, as the retail average for gasoline and diesel in Oregon did not drop more than $0.04, a pricing shift hardly noticeable by drivers. Summer demand for fuel has seemed to blow by this year as prices have been relatively low all summer. We may see prices trickle up as we approach the Labor Day weekend and the uptick in travel.