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- 03 Feb
Tesoro Corporation Retail Fuel Margins Hit $.21 in 2010
Tesoro Corporation announced in their financial results for 2010 that US retail fuel margins for the year were $.21 per gallon, matching the retail fuel margins of 2009. This annual retail fuel margin is five cents higher than the national 2010 average of $.163 per gallon, as reported by NACS in their 2011 Annual Fuels Report. Retail fuel margins for Q4 were at $.17 per gallon, lower by $.09 per gallon than last year’s Q4.
Across their 880 total stations in the US, Tesoro sold 126,228 gallons per store per month, more than 2009 by just over 1000 gallons per month. This is 5,000 gallons per store per month more than the national average of 121,000 gallons sold by c-stores across the US.
Tesoro has 6 fewer stations at the end of 2010 compared to 2009. Tesoro now has 381 company-operated stores under the Tesoro, Shell, Mirastar, and USA Gasoline brands. Tesoro has an additional 499 branded jobber/dealer stores. The Tesoro locations are in the Western US, as far east as Minnesota, south to New Mexico, and West to the Pacific Coast states, as well as Alaska and Hawaii. Tesoro operates seven refineries in the Western US.
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