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- 06 Dec
Retail fuel margins dip second straight week
The OPIS report today revealed another slight drop in the average US retail fuel margin. The US average now stands at $0.239 per gallon, down $0.019 per gallon from last week. The year to date average margin was up slightly to $0.209 while the Q4 average was down slightly to $0.285 per gallon. The six week average dropped over $0.02 to $0.267 per gallon.
Despite the second consecutive weekly drop, the average retail fuel margin still stands $0.029 higher than this same week last year.
With only three more reports coming this year, we can expect the average margin for the year to be a solid $0.209 per gallon, which would be a solid $0.01 per gallon higher than last year. The most exciting news will be to see how strong Q4 can finish. Last year the fourth quarter sported a $0.200 per gallon average. So far we’re over $0.08 per gallon above that. It’s unlikely we’ll see any dramatic margin drops through the end of the month that would take us below that $0.08 gap. From a fuel price management perspective, that means we can expect solid earnings for Q4.
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