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- 21 Mar
Retail fuel margins fall again
In today’s OPIS report, the US average retail fuel margins are down $0.002 per gallon to $0.143 per gallon. That makes for the second consecutive drop in retail fuel margins. The year to date average now stands at $0.157 per gallon and the six week average is at $0.142 per gallon.
This day in 2013 the average retail fuel margin in the US was $0.05 per gallon higher, at $0.195 per gallon. That makes four consecutive weeks where the retail fuel margin last year was higher than this year.
The weekly average for the month of January this year was $0.172, for February this year was $0.147 per gallon, and so far the weekly average for this March stands at $0.148 per gallon. In comparison, last year the January retail fuel margin average was $0.148, February was $0.105, and the March retail fuel margin average was $0.212. So it appears that even though 2014 started off strong with a solid January and February compared to last year, March is going out like a lamb with margins much lower than 2013.
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