- 27 Jul
Valero Retail Fuel Margin in Q2: $.204 per gallon
Valero Energy in their quarterly report announced that US retail fuel margins for the past three months were $.204 per gallon. That’s an increase of nearly $.02 compared to the same time period last year.
For the six months ended June 30, retail fuel margins were $.142 per gallon, essentially unchanged compared to $.148 for the same six months the previous year.
For the three months ended June 30, Valero retail sales in the US were 5,094 gallons per day per site (154,518 gallons per month per site), down 2% from 5,196 gallons per day per site the previous year. For the six months ended June 30, Valero retail sales in the US were down 1.5% from the previous year, with 2011 sales reaching 4,995 gallons per day per site (151,515 gallons per month per site) compared to 5,070 gallons per day per site for the same period in 2010.
According to NACS, the average US c-store sells 121,000 gallons of fuel per month annually. That means over the past three months, Valero stores sold about 27% more than the US national monthly average.
According to Valero’s press release, “Valero’s retail segment continued its record-setting performance with $135 million in operating income, which was the best second quarter in Valero’s history. The increase in operating income was mainly due to higher retail fuel margins….”
Clearly Valero is tremendously successful with their retail fuel price management solutions.
Valero has nearly 1000 company operated stores in the US.