Regan Brown
Marine diesel fuel prices vary depending on the region and the specific port. Fuel prices are influenced by various factors such as supply and demand, geographic location, and local market conditions. To make an informed decision about marine diesel fuel pricing, it is essential to consider the specific region and stay updated with the latest price reports and indexes. Fuel docks at selected ports on the West Coast and in Alaska are surveyed monthly to establish a marine fuel price index, providing valuable insights into the dynamic pricing of marine diesel fuel in these regions.
| Characteristics | Values |
|---|---|
| Data Collection | Fuel docks at selected ports on the West Coast and in Alaska are surveyed monthly to create a marine fuel price index. |
| Ports | Adak, Naknek, Dillingham, Yakutat, Wrangell, Bogeda Bay, Crescent City, Eureka, Fort Bragg, Morro Bay, Astoria, Depoe Bay, Florence, Gold Beach, Newport, and Winchester Bay |
| Fuel Type | #2 marine diesel |
| Data Availability | Data is available in SPSS and ASCII formats on the EFIN website by the second Tuesday of each month. |
| File Formats | West Coast fuel price data is available in MS Excel and ASCII fixed-width file formats. |
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What You'll Learn
Fuel price data availability
Fuel price data is available from a variety of sources and in different formats. EFIN Marine Fuel Prices, for example, provides data on the cash price before tax of 600 gallons of #2 marine diesel by state or in a combined West Coast/Alaska file. This data is collected from fuel docks at selected ports on the West Coast and in Alaska on a monthly basis, with the date of collection stored alongside the price data. The data is made available in SPSS and ASCII formats on the second Tuesday of each month and can also be downloaded as an MS Excel file or an ASCII fixed-width file from the EFIN website.
The West Coast Fuel Prices data collection project, which includes subsets for Oregon, Washington, and California fuel prices, follows a consistent format and methodology. However, the information is restricted to specific ports within each state. For instance, the Oregon data only includes prices from Astoria, Depoe Bay, Florence, Gold Beach, Newport, and Winchester Bay.
Similarly, the California data focuses on Bogeda Bay, Crescent City, Eureka, Fort Bragg, and Morro. The EFIN website also provides information on fuel price data for Alaska, which follows the same format as the West Coast fuel prices.
In addition to regional fuel price data, websites like ShipUniverse offer global updates and outlooks on marine diesel and alternative fuel prices. They provide insights into the complex fuel landscape of the maritime industry, highlighting fluctuating prices, evolving regulations, and shifting demand patterns. These sources help shipowners, charterers, and fuel suppliers make informed decisions by considering not just per-ton pricing but also compliance premiums, emissions trading obligations, and fuel switching options.
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Fuel docks and suppliers
One of the leading fuel dock suppliers is Diesel Direct, which provides 24/7 marine fuel delivery services to commercial vessels, military ships, and yachts along the East and West coasts. They are licensed by the US Coast Guard and are known for their commitment to safety and specialised equipment. Diesel Direct offers customised fuel reports, providing transparency on fuel delivery details for simplified record-keeping. They also offer supply fixed-pricing options to help customers lock in fuel costs for their fleets.
Blackfin Fuels is another prominent supplier, delivering Rec90 grade marine fuel without ethanol directly to customers' docks in Southwest Florida, including Manatee, Sarasota, Charlotte, and Lee Counties. They pride themselves on providing fresh and clean fuel, offering exceptional service, and eliminating the hassle of refuelling for their fellow boaters. Blackfin Fuels has a dedicated team member, Jessica, who is known for her superlative customer service skills and commitment to client satisfaction.
In addition to private suppliers, some states and organisations also provide fuel price data and reports for specific regions. For instance, the EFIN Marine Fuel Prices website offers monthly fuel price data for selected ports on the West Coast and Alaska. This data includes cash prices before tax for 600 gallons of #2 marine diesel, presented in SPSS and ASCII formats. The West Coast fuel price data is also available in MS Excel format. The Oregon, Washington, and California fuel prices are subsets of the larger West Coast Fuel Prices data collection, focusing on specific ports within these states.
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Fuel price collection dates
The choice of ports for data collection is based on their significant revenue generation and broad geographical representation of commercial fishing ports in Alaska. The data collected includes the cash price before tax of 600 gallons of #2 marine diesel. If the pre-tax price is unavailable, it is calculated, and a note is made in the "notes" column. This information is then made available to the public on the EFIN website by the second Tuesday of each month, but no earlier than the first Thursday of the month.
The fuel price data is presented in two formats: SPSS and ASCII. Additionally, West Coast fuel price data is also offered in MS Excel and ASCII fixed-width file formats. The data can be accessed by state or as a combined West Coast/Alaska file. California and Oregon fuel prices are subsets of the West Coast Fuel Prices data collection, following the same format and methodology but focusing on specific ports within these states.
By regularly collecting and publishing marine diesel fuel price data, the EFIN provides valuable information for marine fuel market analysis and decision-making in the maritime industry. This helps stakeholders, such as shipowners and fuel suppliers, stay informed about fuel pricing dynamics and make strategic choices regarding fuel procurement and fleet operations.
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Fuel price calculation
Data Collection:
Fuel prices are collected through surveys conducted at selected ports on the West Coast and in Alaska. These ports are chosen based on their significant revenue generation and broad geographical representation of commercial fishing ports in Alaska. Surveys are typically conducted monthly, on the first Tuesday of each month. If the first Tuesday happens to be a holiday, the survey is conducted on the following Thursday. The data collected includes the cash price before tax of 600 gallons of #2 marine diesel fuel.
Price Variation:
Fuel prices can vary from state to state and even within different ports in the same state. For example, California and Oregon fuel prices are subsets of the West Coast Fuel Prices data collection, but the information is restricted to specific ports within those states. The price of marine diesel fuel in California may differ from port to port, with ports like Bogeda Bay and Crescent City having their own unique prices.
Calculation of Pre-Tax Price:
In some cases, the pre-tax price of fuel may not be available from the fuel dock. In such instances, the pre-tax price is calculated by subtracting the applicable taxes from the final price. This calculated pre-tax price is then noted and included in the data set.
Availability of Data:
The collected fuel price data is made available to the public through websites or reports. The data is typically presented in specific file formats, such as SPSS and ASCII, and is released by a certain date each month. For example, the EFIN website provides fuel price data for the West Coast and Alaska by the second Tuesday of each month.
Market Dynamics and External Factors:
Fuel prices are influenced by market dynamics and external factors such as supply and demand, crude oil prices, refinery costs, distribution and transportation fees, and local taxes. These factors can cause fuel prices to fluctuate over time, and they may vary across different regions.
The calculation of marine diesel fuel prices involves a combination of data collection, market factors, and regional variations. By collecting price data from significant ports and calculating pre-tax prices, organizations strive to provide accurate and up-to-date information for consumers and businesses involved in the marine industry.
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Fuel price reporting formats
In terms of fuel consumption calculations for ships, there are specific reporting formats that need to be followed. These include Position, Arrival, and Departure reports, as well as Noon, Monthly, and Quarterly Reports. Flow meter readings and fuel temperatures are recorded daily at noon and during arrival and departure, and these values are used in the provided Excel spreadsheet formula to obtain the corrected density at the recorded fuel temperature. Additionally, fuel quantities in all fuel tanks on board the ship must be determined periodically, as outlined in the reporting guidelines.
The selection of ports for fuel price reporting can also impact the format of the data collected. For instance, in the EFIN Marine Fuel Prices data collection, specific ports within each state or region are chosen based on their significant revenue generation and broad geographical representation of commercial fishing ports. The data collected from these selected ports follows the same format and methodology as the larger set, with any differences noted.
It is important to note that fuel price reporting formats may vary depending on the organization or entity collecting the data and the specific requirements of the industry or region. The frequency of data collection, such as monthly or quarterly reporting, can also influence the format in which the fuel price information is presented.
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Frequently asked questions
The price of marine diesel fuel fluctuates and is dependent on the region and supplier. The UK government publishes weekly road fuel prices online.
The price of marine diesel fuel in the US varies by state and port. The EFIN website provides monthly fuel price data for the West Coast and Alaska, including California, Oregon, and Washington.
Marine diesel fuel prices can be found on government and industry websites. For example, the UK government publishes weekly road fuel prices, while the EFIN organization in the US provides monthly fuel price data for specific ports and regions.
