- 11 Jul
Retail fuel margins $0.05 above last year
According to the OPIS report today, the average retail fuel margin is up $0.033 per gallon this week to $0.228. The Q3 average now stands at $0.212 while the six week average is $0.185 per gallon.
Today’s margin is the highest since May 16 of this year.
Last year at this time the average retail fuel margin stood at $0.171 per gallon. That means this week marks the first time we’re above last year’s margin since June 13, nearly a month ago.
From a fuel price management perspective, we can see the market using the downward trend of crude and wholesale fuel costs to seize the opportunity to “come down like a feather” and make up for lost margins in Q1 and Q2 of this year.