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- 18 Apr
OPIS report shows slight dip in retail fuel margins
The OPIS fuel margin report this week revealed that the average retail fuel margin across the US dipped $0.006 per gallon to $0.121 per gallon. That’s the third consecutive decline. The average retail fuel margin has now declined $0.047 per gallon since the beginning of this quarter.
The year to date average continues its drop since the high point on February 7, when the average retail fuel margin was $0.178. The year to date average is now $0.154 per gallon. The six week average is $0.143, the lowest since March 21, and the second lowest of the year.
This same Friday in 2013, we had the retail fuel margin average at $0.234 per gallon, $.113 per gallon higher than today. However, it was this time last year when retail fuel margins took a dive over the course of four weeks, dropping to $0.123, which turned out to be the lowest of the quarter. We’ll see if this year we can fend off any repeat of that margin trend.
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