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- 21 Jun
Retail fuel margins rebound
OPIS reported today that retail fuel margins across the USA had a slight rebound this week. The average retail fuel margin across the country now stands at $0.199 per gallon, up $0.047 from last week. The increase this week returned the year to date margin to the level of two weeks ago, now at $0.171 per gallon.
The average fuel margins for Q2 also inched up slightly to $0.184 per gallon. The six week average fuel margin is now at $0.172 per gallon, up $0.009 per gallon from last week.
With one week remaining in the quarter, it appears that average fuel margins across the USA for Q2 will be $0.025 higher than the average fuel margins for Q1. That is welcome relief for the retail fuel industry, which needs to operate at approximately $0.15 margins to be at the break-even point.