by John Keller | Nov 6, 2012 | Retail Fuel Margins
In their Q3 fiscal results, TravelCenters of America announced their quarterly retail fuel margins were improved over last year, but retail fuel volumes were lower. Overall net income for the quarter was down $1.8 million.
For the three months ended September 30, 2012, retail fuel gross margins were up 2.4% from the same quarter last year. Total retail fuel volumes were down 6.8% year over year. Net income for the quarter was down $1.8 million compared to Q3 last year.
TravelCenters of America operates 192 company-owned stores which sold a total of 481 million gallons of fuel for the quarter. That equates to 2.5 million gallons of fuel per store for the quarter, or 835,000 gallons of fuel per store per month. The NACS annual store average is 124,000 gallons per month, so clearly TravelCenters continues to operate a high volume model.
by John Keller | Nov 5, 2012 | Industry News
In their Q3 quarterly earnings report, Hess Corporation announced today their retail fuels volumes for the quarter were 2.5% lower than the same period last year.
Total c-store revenues were down 6% for the same quarter year over year.
For the nine months ending September 30, 2012, total retail fuels volumes are down 1.5% compared to the same nine months last year.
by John Keller | Nov 5, 2012 | Uncategorized
MasterCard reported in their SpendingPulse data that US gasoline demand is 3.8% lower year over year.
For the two weeks ending October 26, 2012, fuel volumes were down 1.6%. The four week average over the 28 days ending October 26 was down 2.4%. The Midwest region of the country had the most significant drop in fuel demand, while the Rocky Mountain states had the smallest drop.
From a fuel price management perspective, this reinforces the fact that the fuel volume pie continues to shrink. Fuel analysts must take into consideration the shrinking demand as they review volume performance, and as they set retail fuel volume targets for next year.
by John Keller | Nov 2, 2012 | Retail Fuel Margins
Retail fuel margins continued on an upswing this week, reaching $0.368 per gallon which is up $0.011 from a week ago. That is according to the weekly OPIS report released each Friday.
The winning streak stands at three consecutive weeks. Just two months ago, retail fuel margins were at $0.143 per gallon, making this $0.22 per gallon increase since then a welcome relief. Two months remain in the year, and from a fuel price management perspective, fuel retailers are looking to hang on to margins in order to make up for the suffering of previous quarters.
by John Keller | Nov 1, 2012 | Retail Fuel Margins
In the Marathon Petroleum Q3 fiscal results, Speedway announced today that both their quarterly retail fuel margins and retail fuel volumes were lower compared to the same period last year.
For the three months ended September 30, 2012, retail fuel margins were at $0.1100 per gallon, down from $0.1257 last year. Total retail fuel volumes were 779 million gallons for the quarter, compared to 775 million for the same period last year, but same store fuels volumes for the quarter were down 3.9% year over year. Speedway operates 89 more stores than last year at this time.
