Retail fuel margins jump this week

Retail fuel margins jump this week

• Nov 04, 2013
• John Keller
• 0

OPIS reported a $0.055 jump in retail fuel margins across the US this week. Retail fuels margins across the US now stand at an average of $0.249 per gallon. That increase brought the retail fuels margin year to date average to $0.190 per gallon and the Q4 average to $0.223 per gallon. The six week average is holding steady at $0.233 per gallon.

Average retail fuel margins are nearly back to levels last seen at the beginning of October.

This same week in 2012, retail fuel margins were at an astounding $0.368 per gallon. But that didn’t last. Over the course of November 2012, average retail fuel margin levels dropped four straight weeks from $0.368 to $0.167 per gallon.

Let’s hope history doesn’t repeat itself and retail fuel margins can hold steady at current levels.

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