Retail fuel margins hit high point of the year

Retail fuel margins hit high point of the year

• Jul 05, 2013
• John Keller
• 0

According to OPIS, retail fuel margins across the USA are now at the highest average levels of the year.

For the third consecutive week, retail fuel margins increased, this time up $0.028 per gallon to an average of $0.302 per gallon. The increase this week bumped the year to date average retail fuel margin to $0.180 per gallon.

For the past six weeks, the average retail fuel margin stands at $0.227 per gallon.

Oil prices have been on the rise however, so it stands to reason that wholesale prices may soon inch up, putting pressure on retail fuel margins. From a fuel management perspective, it makes sense to use profits from these margins to invest in fuel software in order to keep a close watch on the changing market conditions, and optimize fuels prices to balance margins and volumes.

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