Portland Oregon Fuel Market Report May 11, 2020

May 18, 2020 By , , ,

Portland, Oregon Fuel Market Report

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
Products

Wholesale
Low

Wholesale
Avg

E10

1.031

1.092

B5

.882

.916

 

Retail Fuel Prices for the Week prior to May 11, 2020

Retail
Products

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:
OR

local

State:
WA

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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