- 31 Oct
Retail fuel margins top $.30 per gallon for third consecutive week
The OPIS report today revealed an average retail fuel margin drop of $.057 per gallon across the US this week. But even with that steep decline, the average leveled off at $0.312 per gallon, an average margin that is the third highest retail fuel margin of the year, and $.063 higher than this week last year.
The third consecutive week of margins above $0.30 per gallon nudged the year to date margin average to $0.203 and the six week average to a whopping $0.300. The average margin for this quarter is is also above 30 cents, at $0.312 per gallon.
In 2013, retail fuel margin averages dropped $0.12 per gallon over the course of November before rebounding in early December. Even if that pattern were to repeat this year, which is unlikely given the cost of a barrel of crude continues to decline, the Q4 average would still be robust, possibly matching the Q3 average of $0.240 per gallon.