by John Keller | Feb 3, 2011 | Retail Fuel Margins
Tesoro Corporation announced in their financial results for 2010 that US retail fuel margins for the year were $.21 per gallon, matching the retail fuel margins of 2009. This annual retail fuel margin is five cents higher than the national 2010 average of $.163 per gallon, as reported by NACS in their 2011 Annual Fuels Report. Retail fuel margins for Q4 were at $.17 per gallon, lower by $.09 per gallon than last year’s Q4.
Across their 880 total stations in the US, Tesoro sold 126,228 gallons per store per month, more than 2009 by just over 1000 gallons per month. This is 5,000 gallons per store per month more than the national average of 121,000 gallons sold by c-stores across the US.
Tesoro has 6 fewer stations at the end of 2010 compared to 2009. Tesoro now has 381 company-operated stores under the Tesoro, Shell, Mirastar, and USA Gasoline brands. Tesoro has an additional 499 branded jobber/dealer stores. The Tesoro locations are in the Western US, as far east as Minnesota, south to New Mexico, and West to the Pacific Coast states, as well as Alaska and Hawaii. Tesoro operates seven refineries in the Western US.
by John Keller | Feb 1, 2011 | Retail Fuel Margins
Murphy Oil Corporation announced in their financial results for 2010 that retail fuel margins for the year were $.114 per gallon, higher than 2009 by $.031. Retail fuel margins for Q4 were at $.074 per gallon, higher by $.006 per gallon than last year’s Q4.
Across their 1099 stores, Murphy sold 306,646 per store month, less than 2009 by just under 6,000 gallons. According to NACS, the average c-store sells 121,000 gallons of fuel per month. That means each Murphy store sells more than 2.5 times the retail fuel national average.
David M. Wood, President and Chief Executive Officer, commented, “Our U.S. retail station network showed good performance during the year and will further expand its asset base in 2011.”
by John Keller | Feb 1, 2011 | Customer News, Fuel Price Management, Industry News, Retail Fuel Margins
Valero Energy Corporation announced in their financial results for 2010 that US retail fuel margins for the year were $.140 per gallon, higher than 2009 by $.014. Retail fuel margins for Q4 were at $.086 per gallon, lower by $.026 per gallon than last year’s Q4.
Across their 990 company-operated sites in the US, Valero sold 154,699 gallons per store per month, less than 2009 by just 3132 gallons per month.
Valero is one of the largest retail operators with approximately 5,800 retail and branded wholesale outlets in the United States, Canada and the Caribbean under the Valero, Diamond Shamrock, Shamrock, Ultramar and Beacon brands. Based in San Antonio, Valero is a Fortune 500 company with approximately 20,000 employees.
Read the entire financial report here.
by John Keller | Jan 28, 2011 | Retail Fuel Margins
In their preliminary fourth quarter 2010 operating results update, Susser Holdings announced they expect their 2010 retail fuel margins to be in the range of $.183 per gallon. That would be a $.04 per gallon increase in retail fuel margins for the year over 2009.
Susser Holdings has 525 stores, a net gain of 13 stores over 2009. Retail fuel gallons sold per store per week is expected to grow 2.5% above 2009.
by John Keller | Jan 26, 2011 | Fuel Price Management, Fuel Pricing Strategy, Industry News
Fuel prices rose again for the eighth straight week, according to the US Energy Information Administration. The US national average retail fuel price of unleaded gasoline rose 1 cent to $3.11/gallon, while a gallon of midgrade remained the same at $3.22, and a gallon of premium rose one cent to $3.35.
The largest fuel price increases were in the Rocky Mountain region, where the average gallon of unleaded gas rose two cents to $2.91/gallon. That region still has the lowest fuel prices in the country, one of only two regions where unleaded remains below $3.00/gallon. The other region below $3.00/gallon is the Gulf Coast, where the average price of unleaded is $2.96.
As for individual states, Minnesota had the largest fuel price increase of the week at $.07/gallon for unleaded, with an average price of $3.16/gallon. Ohio led the states with the largest unleaded fuel price decrease, dropping four cents to $3.06/gallon. Texas was the only other state with a reported price decrease, where unleaded fuel dropped a penny to $2.95/gallon. California again has the highest fuel prices in the country where the average price for a gallon of unleaded is $3.35, up one cent from last week. New York state remains the second highest priced, where a gallon of unleaded is up a penny to $3.34/gallon.
Chicago reported the only local fuel price decrease in the country, where the price of unleaded dropped two cents to $3.22/gallon. Denver had the largest increase of any city in the country, where the price of unleaded rose four cents to $2.94/gallon.
