- 28 Nov
Retail fuel margins dip slightly
The latest OPIS report shows the average retail fuel margin across the US declined $0.014 per gallon to $0.258 per gallon. The year to date average is $0.208 and the quarter to date average is $0.290 per gallon. The six week average is $0.289 per gallon.
The retail fuel margin level this week remains $0.129 higher than this time last week.
Retail fuel margins have dropped five of the last six weeks, behavior similar to what we saw last year at this time. Despite this six week drop of $0.112 per gallon, we’re still seeing a Q4 retail fuel margin average that is $0.09 per gallon higher than Q4 of 2013.
The Thanksgiving holiday weekend is still underway, and if demand turns out to be as predicted, retail fuel marketers will end the month on a solid note.