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- 21 Feb
TravelCenters of America Retail Fuel Margins: $.16 in 2010
TravelCenters of America announced in their annual report for 2010 that their retail fuel margins were 5.4%. Based on the 2011 NACS Annual Fuels Report, that equates to approximately $.16 per gallon. Retail fuel margins in 2009 were 6.4%. The last three months of 2010 had retail fuel margins at 4.7%, or approximately $.14 per gallon, essentially unchanged from the same period in 2009. According to NACS, the average c-store sold fuel at a 5.6% margin. That means TA sold in line with the national annual average for 2010.
Same site fuel volumes for the year were up 6% from 2009. The report attributes this volume increase to the effectiveness of the company’s marketing and customer service efforts, as well as increased economic activity. Fuel volumes for the final three months of 2010 were up 2.3% from the same period in 2009.
At the end of 2009, TravelCenters of America had 228 sites, five fewer than at the end of 2009. Of the 228 sites, 62 operate under the “Petro” brand.
Net losses for the year were $65m compared to a net loss of $89m in 2009. For the fourth quarter, net losses were $30m compared to $44.6m for the previous year.
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