Our Experience Runs Deep

Stillwater Associates leverage decades of experience at major oil corporations to help clients navigate the challenges with the highest level of industry knowledge, market analysis, policy insight, and emerging technology strategies.

NAVIGATE MARKETS WITH TRANSPORTATION FUELS EXPERTISE

Products, Services, and Expertise 

    Providing an understanding of how fuels get from the source to the retail station is just the beginning. Stillwater’s products and services deliver the detailed analysis our clients need to create competitive advantage.

    Products

    Stillwater offers subscription services with the market information and analysis required to successfully navigate the transportation energy transition.
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    Services

    Stillwater provides Strategy & Economics, Policy, M&A, and Litigation Support consulting services for clients who need in-depth, expert analysis to guide their decisions.
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    Expertise

    Our experts come from long careers in the transportation energy industry. We see things others miss.
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    Industry Insights

      Economics

      Iran War: What It Means for Fuel Markets and Why It’s Even More Complicated Than You Think

      March 11, 2026

      If you’ve been following the news this past week, you know the basics: the U.S. and Israel launched strikes on Iran on February 28th, Iran hit back across the Gulf, and energy markets went haywire. But if you’re trying to figure out what this actually means for fuel prices – at the pump, for your...
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      Economics

      The Gasoline Gap: How California’s Biggest Emissions Source Is Falling Behind

      March 11, 2026

      This is the second in a series of articles examining California’s progress toward the greenhouse gas (GHG) reduction targets set by the 2022 Scoping Plan. The first article – Mind the Gap: Transportation Emissions vs. California’s 2022 Scoping Plan Pathway – provided background and an overview of how the transportation sector has performed in reducing GHG emissions relative to the 2022 Scoping...
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      Refinery Optimization

      UNLOCK – Improving Downstream Profitability with Low Capex, High Impact Initiatives 

      March 10, 2026

      Downstream operators are continuously being asked to deliver more with the assets they already have. Yet with volatile markets, evolving crude slates, logistical constraints, and limited capital budgets, most downstream businesses still carry significant untapped margin potential –value obscured by organizational silos, inherited operating assumptions, and KPIs that no longer reflect today’s environment.   Stillwater’s UNLOCK is designed to surface this hidden value....
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      Featured Experts

        Our associates leverage decades of experience to help clients navigate challenges with the highest level of industry knowledge, strategic thinking, operational and market expertise, and policy insight.

        David Hackett

        Chairman of the Board

        With more than 30 years of experience in the downstream oil business, Dave has built a team of industry professionals who are skilled at creating value for our clients.

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        Megan Boutwell

        President

        As Stillwater’s President, Megan Boutwell is responsible for promoting Stillwater Associates as the leading experts on transportation fuels issues. Megan directs business operations and implements growth management within the company.

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        Dr. Adam Schubert

        Senior Associate

        Adam joined Stillwater in 2018 following a 33-year career with ARCO, BP, and Butamax (a joint venture of BP and DuPont).

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