by John Keller | Oct 31, 2012 | Retail Fuel Margins
In their Q3 fiscal results, Tesoro announced today their quarterly retail fuel margins were improved over last year, but same store retail fuel volumes were lower.
For the three months ended September 30, 2012, retail fuel margins were at $0.19 per gallon, up $0.03 for the same quarter last year. Total retail fuel volumes were also up from last year, but because fuel volumes were spread over an additional 223 stores more than last year, fuel volumes per same store were down 1% year over year.
Tesoro company-owned stores averaged 152,076 gallons per month for the quarter, roughly 22% higher than the NACS national annual average of 124,000 gallons of fuel per store per month.
by John Keller | Oct 30, 2012 | Retail Fuel Margins
Valero Energy Corporation reported their retail fuel margins were $0.147 per gallon for the first nine months of the fiscal year, up from $0.146 for the same period in 2011. Retail fuel gallons were 5,114 gallons per day per store for this period, up from 5,053 for the same period last year.
These retail fuel management results reflect a continuing strong fiscal year for the Valero retail fuel group.
by John Keller | Oct 26, 2012 | Retail Fuel Margins
Retail fuel margins jumped $0.127 per gallon this week to $0.357 per gallon, according to the weekly OPIS report. That is the second weekly gain, and one of the largest retail fuel margin increases of the year. Retail fuel teams have now seen retail fuel margins increase $0.196 per gallon since mid-October.
From a fuel price management perspective, this is a great news for the fuel retailer, who now may have enough margin to help offset the decreased volumes from the peak travel time of year, and the poor margins of July, August and September.
by John Keller | Oct 23, 2012 | Industry News
Congratulations to Parker’s on the successful opening of their 28th store. Parker’s uses PriceAdvantage as their cloud solution to manage fuels prices and monitor company-wide fuels performance down to the store level.
According to a WTOC Channel 11 interview with Greg Parker, president and CEO of Parker’s, now is the right time to expand in the c-store industry. “We are hoping to open a new store every two months for the foreseeable future. We think it is the right time to be growing. Land costs are coming down and construction costs are down. Unemployment is up. There are a lot of good people out there looking for jobs. Money is cheap. This is a great time to be growing,” said Parker. The channel 11 interview may be found < a href="http://www.wtoc.com/story/19357405/new-parkers-convenience-store-to-open-in-rincon" target="_blank">here.
The PriceAdvantage team is proud to have Parker’s as a PriceAdvantage fuel price management customer and to contribute to their continued success.
by John Keller | Oct 19, 2012 | Retail Fuel Margins
Retail fuel margins rose $0.069 per gallon this week to $0.230 per gallon, according to the weekly OPIS report. That is a reversal of a two week trend, and nearly returns retail fuel margins to September 28 levels, where margins stood at $0.244 per gallon.
From a fuel price management perspective, this is a welcome relief and offers fuel pricing teams a chance to make up for lost margins the first half of October.
