- 06 Dec
Retail fuel margins gain back losses of last few weeks
The OPIS report today revealed that average retail fuel margins across the US jumped $0.081 per gallon this week, nearly restoring the fuel margin losses suffered since November 15. The average retail fuel margin across the US now stands at $0.210 per gallon. The year to date average is now $0.190 per gallon and the Q4 calendar average is $0.197 per gallon.
The jump this week means average retail fuel margins are now back above the 2012 level for same day last year, when average retail fuel margins stood at $0.198 per gallon. Last year, these weeks in December saw a retail fuel margin increase to $0.24 per gallon.
National news reports say oil prices are decreasing due to a glut in the US Gulf Coast. That may result in lower wholesale costs, and more opportunities for increased retail fuel margins in the coming weeks.