- 10 Oct
Retail fuel margins: largest weekly increase since January
The OPIS report today revealed that the average retail fuel margin across the US had the largest weekly jump since January of this year. The average retail fuel margin increased $0.08 per gallon to $0.294 per gallon, the highest margin of 2014. The year to date average continued its gentle climb upward to $0.192 per gallon, the highest year to date average of this year. The six week average continued strong at $0.236 per gallon.
Last year at this time the average retail fuel margin was $0.236 per gallon, meaning we’re currently up $0.058 per gallon over last year.
As we approach the final 12 weeks of the year, it’s interesting to try to make predictions for how the year will end. When 2013 was done, the overall retail fuel margin finished at $0.190 per gallon. It took us until October to achieve that margin level, starting 2014 off at $0.112 per gallon, and clawing our way up to today. Last year the final weeks of the year had some up and down margin averages, but overall the weeks lost margin more often than they gained. Hopefully this year we can hold on to this margin level and maintain the $0.19 year to date average, and the six week average margins of $0.20 that we’ve been seeing since July.