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- 14 Feb
Retail fuel margins drop third consecutive week
In the OPIS report this week, the US average retail fuel margin dropped another $0.032 per gallon to $0.146 per gallon. That’s a net loss of $0.046 per gallon from the most recent high three weeks ago back on January 24 when average retail margins stood at $0.192 per gallon. Current retail margins are at the second lowest level of the year, only slightly higher than on January 3 when they were at $0.112 per gallon.
The year to date average dropped to $0.169 per gallon, while the six week average was up slightly to $0.178 per gallon. This week last year retail fuel margin averages were at $0.122 per gallon.
Last year February margins bounced in the $0.08 – $0.12 range, jumping to $0.22 per gallon at the end of March. Hopefully we’ll see a repeat performance in 2014, and finish the quarter strong.
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