by John Keller | Feb 29, 2012 | Retail Fuel Margins
Western Refining, operators of GIANT, Mustang, Sundial, and Howdy’s c-stores, announced retail fuel margins were $.15 for the latest quarter, compared to $.17 for the same quarter previous year.
Retail fuel volumes were 70.296 million gallons for the quarter, up from 51.472 million gallons for the same quarter previous year. Number of c-stores was 209. That’s up from 150 for the same quarter previous year, 37 of which were added the last quarter.
On a monthly fuel volume per store basis, Western sold 112,114 gallons of fuel at each store on average.
by John Keller | Feb 22, 2012 | Industry News
The Federal Highway Administration reported that in 2011 Americans drove 35.7 billion miles fewer than in 2010. That’s a decline of 1.2%. The first half of 2011 showed a 1% decline, while the second half showed a 1.4% decline.
From a fuel price management perspective, the decline in miles driven helps explain the overall decline in fuel gallons sold. On a national level, the market for fuel continues to be more and more competitive. Fuel pricing strategies need to be a key focus in order to maintain optimized profits at each store and across all markets.
by John Keller | Feb 22, 2012 | Retail Fuel Margins
Susser Holdings reported improved fuels volumes and retail fuel margins in their latest quarterly report.
Total fuel volumes for Q4 reached 200.1 million gallons. That’s a 9.7% increase in fuel volumes over the previous year. Average fuel gallons sold per store per week reached 28,900 gallons. That’s an increase of 7.2% over the previous year.
Retail gross retail fuel margins reached 18.6 cents per gallon, up from 15.0 cents per gallon the previous year.
At year end, Susser Holdings had 541 stores in operation.
by John Keller | Feb 21, 2012 | Fuel Price Management, Industry News
According to the latest US Energy Information Administration report, the Rocky Mountain fuel prices remain the lowest in the US, $0.37 lower than the next lowest region.
Average unleaded fuel prices in the Rocky Mountain region are at $3.097 while in the Midwest region, average unleaded fuel prices are $3.464. Average unleaded fuel prices in the West Coast region are at $3.896.
by John Keller | Feb 15, 2012 | Industry News, PriceAdvantage
Skyline Products would like to congratulate Parker’s on their new South Carolina c-store. We’re proud to have Parker’s as a PriceAdvantage fuel price management customer. Parker’s uses PriceAdvantage in the cloud to manage fuel prices and monitor company-wide fuels performance down to the store level.
