Portland Oregon Fuel Market Report May 11, 2020
In the last two weeks, wholesale gas has doubled in price. The highest fuel prices, in the continental US, is on the west coast with Oregon and Washington following just behind California’s prices. According to Gas Buddy, the majority of retail prices last week in WA and OR were above $2.20 a gallon. AAA Gas Prices show, one month ago Washington had an average of $2.602 and Oregon being $2.55. Last week prices significantly dropped with Washington being $2.437 and Oregon at $2.377.
Wholesale Fuel Prices for the Week prior to May 11, 2020
|
Wholesale |
Wholesale |
Wholesale |
|
E10 |
1.031 |
1.092 |
|
B5 |
.882 |
.916 |
Retail Fuel Prices for the Week prior to May 11, 2020
|
Retail |
Retail National |
Retail Oregon |
Retail Washington |
|
E10 |
1.860 |
2.384 |
2.438 |
|
B5 |
2.418 |
2.569 |
2.686 |
Fuel taxes in Washington and Oregon 2020
|
Taxes |
Federal |
State: |
local |
State: |
|
Gas |
.184 |
.36 |
.0-.13* |
.494 |
|
Diesel |
.244 |
.36 |
.0-.13* |
.494 |
* Local county and city taxes can be .00 to .13 cents per gallon depending on your location. Portland, Oregon is the highest with $.10 city tax and $.03 for Multnomah County.
News Stories affecting Gas prices
Consumer Fuel demands rebound by 22%- https://www.gasbuddy.com/go/april-fuel-demand-2020/
Crude Oil Inventories decline for the first since January- https://www.gasbuddy.com/go/eia-report-may-13-2020/
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