by John Keller | May 9, 2012 | Fuel Price Optimization, Retail Fuel Margins
In its Q1 financial report, Susser Holdings reported retail fuel margins for the quarter were at $0.133 per gallon, down $0.02 from last year, but up $0.01 from the average Q1 results over the past five years.
Retail fuel gallons sold increased 8.8% compared to last year. Average gallons sold per store per week improved 5.8% to approximately 30,000 gallons, or approximately 133,000 gallons per month per store. That average store per gallon figure is approximately 7% above the national store average according to NACS. Q1 is typically Susser’s lowest volume quarter, due to seasonality.
Susser operates 540 stores under the Stripes brand. Susser expects to open 25-35 new dealer sites this year.
by John Keller | Apr 23, 2012 | Fuel Price Management, Retail Fuel Margins
The American Petroleum Institute reported that gasoline deliveries, a measure of consumer gasoline demand, increased 3.0% to 9.0 million barrels per day, the second monthly increase in demand since February 2011.
From a fuel price management perspective, the fuel volume sales benchmark is higher year over year.
by John Keller | Apr 20, 2012 | Industry News, PriceAdvantage
PriceAdvantage customer Sheetz opened another new store in North Carolina. The new store is one of ten new stores Sheetz plans to open in North Carolina this year.
Sheetz uses PriceAdvantage to manage their closed loop fuel price management process, including to their Skyline signs.
by John Keller | Apr 16, 2012 | Fuel Price Management, Retail Fuel Margins
There is a growing list of articles in the press predicting that fuel prices are going to drop in the coming months. Both a AAA report and a report from the US EIA say fuel prices should begin to drop, with regular unleaded fuel leveling out to $3.95 per gallon.
Fuel prices for regular unleaded from April to September should be $3.95 per gallon according to the US EIA. Average prices for that same period last year were $3.71.
by John Keller | Apr 13, 2012 | Industry News, Retail Fuel Margins
In the OPIS Retail Fuel Watch, OPIS reported retail fuel prices dropped $0.8 cents per gallon nationally, the lowest level since March 27.
The most common fuel price is $3.799, with just under 19% of the stores across the nation having fuel prices above $4.00 per gallon.
PriceAdvantage allows you to display in your fuel price management system OPIS Radius report information about specific competitor stores, so you can compare your prices to the competition and quickly react with price changes as needed.
