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- 31 Oct
Tesoro Q3 results: fuel margins up, volumes down
In their Q3 fiscal results, Tesoro announced today their quarterly retail fuel margins were improved over last year, but same store retail fuel volumes were lower.
For the three months ended September 30, 2012, retail fuel margins were at $0.19 per gallon, up $0.03 for the same quarter last year. Total retail fuel volumes were also up from last year, but because fuel volumes were spread over an additional 223 stores more than last year, fuel volumes per same store were down 1% year over year.
Tesoro company-owned stores averaged 152,076 gallons per month for the quarter, roughly 22% higher than the NACS national annual average of 124,000 gallons of fuel per store per month.
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