- 26 Aug
Retail fuel margins dip slightly, remain above last year
According to OPIS, the current retail fuel margin average dipped $0.012 per gallon this week to $0.223. That makes the second consecutive weekly fuel margin decrease, but keeps the year to date average trending upward for the past eight weeks.
The current year to date average stands at $0.184, while the Q3 average dipped to $0.249 and the six week average remained relatively unchanged at $0.262.
The average retail fuel margin currently stands $0.036 per gallon above the comparable week last year.
From a fuel price management perspective, we’re starting to see margins erode as we enter the end of the busy summer travel season, but still remain strong throughout the quarter. Last year the retail fuel margin trended up approximately $0.10 per gallon this equivalent week through the end of September. Let’s hope retail fuel margins will rebound as we enter next month and finish off the quarter strong.