Retail fuel margins turn around this week

  • Retail fuel margins turn around this week

    According to the latest OPIS report, the average US retail fuel margin ticked up $0.011 per gallon to $0.194 per gallon. That reverses a three week trend of consecutive declines.

    The year to date average remains at $0.189 per gallon, but the quarter to date average dipped to $0.217 per gallon. The six week average is $0.232 per gallon.

    The average margins this week are a solid $0.12 per gallon lower than this week last year, when average retail fuel margins stood at $0.357 per gallon.

    There are only nine weeks remaining in the year. Average retail fuel margins for calendar year 2013 are likely to stand at current levels given the short time left. In 2012, the retail fuel margin for Q4 ended at $0.230 per gallon. But Q4 this year is off to a much slower start than last year, so unless we see a dramatic turnaround in the next few weeks, we’re likely to see a lower average margin for the quarter than last year.

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