Retail fuel margins reverse trend across US

  • Retail fuel margins reverse trend across US

    The latest OPIS report reveals that average retail fuel margins across the US reversed their four week trend, dipping $0.027 per gallon to $0.255 per gallon. Throughout the month of September, average retail fuel margins across the US rose $0.111 per gallon from $0.171 per gallon to $0.282 per gallon. The drop this week nearly offsets the increase in average retail fuel margins from last week, but still leaves the average fuel margin at the highest level since August 16.

    The year to date average retail fuel margin across the US increased $0.002 to a strong $0.188. The six week average retail fuel margin is $0.221 per gallon.

    These fuel margins are at the highest level of any opening week for each of the three quarters this year.

    These numbers seem to indicate that while fuel retailers across the US used September as their opportunity to take advantage of falling costs, the competitive environment is now leading to price drops that allow for maintaining volumes.

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