Fuel Market Report: June 15th – June 21st, 2025
Wholesale Price Average 6/21/25
| Wholesale Low | Wholesale Avg | |
|---|---|---|
| E10 | $2.74 | $2.80 |
| B5 | $3.28 | $3.39 |
| B20 | $3.39 | $3.45 |
| R99 | $3.27 | $3.38 |
Average Retail Prices 6/21/25
| National | Oregon | Washington | |
|---|---|---|---|
| E10 | $3.22 | $4.06 | $4.44 |
| B5 | $3.68 | $4.42 | $4.86 |
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
The past week brought in more upward price fluctuation following the escalated tensions in the Middle East involving Israel, Iran, and the U.S. Crude oil jumped up to $77/barrel on Thursday but has since trickled back down below $70 as of Monday. Rack averages in Portland jumped $0.17/gal on gas, $0.27/gal on B5 diesel, $0.26/gal on B20 diesel & $0.23/gal on R99 Renewable diesel. The largest price hikes we’ve seen all year for a single week. The U.S coordinated bomb strikes on Iran on Sunday, June 22nd, which were followed by Iran attacking US bases in Qatar, while not officially announced, these are both signs of a new war beginning between the US & Iran. What this could mean for crude oil and commodity pricing is unknown, but it is assumed that crude oil will begin a sharp climb in price in the weeks to follow.
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
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”.
Reasons For Price Variance
Crude oil is trading below $70, at a current price of $68.76/barrel. This is $2.56/barrel lower 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 $68.83barrel compared to $71.32/barrel last week and $72 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.
