by John Keller | Jan 31, 2014 | Industry News, Retail Fuel Margins
According to today’s OPIS report, the average retail fuels margin across the US dropped just over a penny this week to $0.179 per gallon. That reflects a margin drop of $0.013 per gallon from last week, and more than offsets the gains the c-store industry saw a week ago.
The year to date retail fuels margin average across the US remains at $0.172 per gallon, while the six week average dropped to $0.166 per gallon. The same day last year retail fuel margins were $0.112 gallon.
In 2013, we saw a three week consecutive margin drop at this time, bottoming out at $0.084 per gallon on February 7, 2013. Let’s hope we don’t repeat that trend this year.
by John Keller | Jan 28, 2014 | Customer News, Fuel Pricing Software, Fuel Pricing Technology, Fuel Software
The PriceAdvantage team is pleased to announce that J & H Oil has joined the PriceAdvantage family. J & H Oil is running PriceAdvantage in the cloud, a configuration that has become quite popular with our customers over the past 12 months. The cloud configuration, also known as “Software as a Service”, frees up company IT resources because the server maintenance responsibility rests with the PriceAdvantage team.
J & H Oil is a family owned and operated company running 36 company operated convenience stores in West Michigan. J & H Oil had a rigorous evaluation process for their fuels pricing solution, including a pilot of running PriceAdvantage in the real world. J & H Oil found PriceAdvantage to be the best way to improve the speed at which they collect competitor information, and to make sure all price changes are accurate. J & H Oil also found the SNAP Analytics in PriceAdvantage to be quite valuable, so they elected to include that in their implementation.
We at PriceAdvantage look forward to a strong and long-term partnership with J & H Oil – welcome to the family!
by John Keller | Jan 24, 2014 | Industry News, Retail Fuel Margins
OPIS reported the average retail fuel margin across the United States increased $0.01 per gallon this week to $0.192 per gallon. The one cent gain erased the loss of last week. Average year to date retail fuel margins continued to rise, hitting a mark of $0.170 per gallon. The six week retail fuel margin average held steady at $0.173 per gallon.
Last year on the equivalent of this date, average retail fuel margins were $0.02 cents per gallon lower, at $0.15 per gallon.
Hopefully 2014 won’t see the dramatic retail fuel margin drops we saw in 2013, when the average retail fuel margin dropped to $0.102 per gallon over the course of the equivalent next four weeks.
by John Keller | Jan 20, 2014 | Industry News, Retail Fuel Margins
The latest OPIS report shows the average retail fuel margin across the US dipped slightly this week to $0.182 per gallon, down $0.011 from last week. The average retail fuel margin across the US is still the highest since 12/20/2013.
So far this quarter the average retail fuel margin has been $0.162 per gallon. The six week average is $0.173 per gallon.
Average retail fuel margin levels remain slightly higher than this time last year, when the average retail fuel margin across the US was $0.171 per gallon. This time in 2013 retail fuel margins dropped significantly to the $0.08 – $ $0.12 range until March, when average retail fuel margins jumped to the $0.20 – $0.26 range.
by John Keller | Jan 14, 2014 | Industry News, Retail Fuel Margins
The OPIS report for January 10, 2014 shows a $0.081 average retail fuel margin increase from the previous week, the largest weekly increase since December 6, 2013. Retail fuel margins across the US now stand at $0.193 per gallon.
Average retail fuel margins year to date and quarter to date now stand at $0.153. The six week average is $0.178.
The current retail fuel margin is nearly $0.05 per gallon higher than this time last year, when the average retail fuel margin was $0.146 per gallon. In 2013 the Q1 retail fuel margin average finished at $0.159 per gallon.
