- 21 Nov
Retail fuel margins up again
After four consecutive weekly declines, the average retail fuel margin across the US rebounded $0.025 per gallon this week, according to OPIS. That brings the national average to $0.272 per gallon, which is $0.13 per gallon higher than last year at this time.
The year to date average is $0.207, slightly higher than this time last year when the year to date average was $0.191 per gallon. The average for the quarter is a robust $0.294 per gallon, while the six week average is $0.308 per gallon.
According to Schneider Electric, US refineries are at a strong run rate, yielding a greater supply of gasoline and increased gas inventories. That means we can expect a different trend over the upcoming weeks than what we saw last year at this time, and retail fuel margins should remain strong as gas prices continue to decline.