- 19 Nov
Retail Fuel Margins Help Raise TA Quarterly Results
Retail fuel margins were a key factor in the financial results reported by TravelCenters of America for the three months ended September 30, 2010. Highlights of the report:
- Total retail fuel sales were approximately $1.193 billion across 229 sites. That calculates to an average retail fuel sales per site of approximately $5.209 million, or $1.736 million per site per month.
- Same site retail fuel sales volume increased 5.6% over Q3 of 2009.
- Total gross retail fuel margins were $74.6 million, which is $14.2 million higher for the third quarter of 2010 than the third quarter of 2009.
The report doesn’t explicitly list the retail fuel margins per gallon, but if average fuel prices were in the $3/gallon range, that would equate to a $.17 to $.18 margin per gallon.
The report listed one primary reason for the improved retail fuel margins as being a greater number of days of declining fuel commodity prices throughout the third quarter of 2010, as compared to the same quarter of the prior year. “Although other factors have an effect, retail fuel margins per gallon tend to be lower during periods of rising fuel prices and higher during periods of falling fuel prices” the report said.