by John Keller | Mar 11, 2011 | Fuel Pricing Strategy, Retail Fuel Margins
Alon USA in their management reports revealed their retail fuel margin results for Q4 2010 and for the entire 2010 fiscal year.
Management reported retail fuel margins for the fourth quarter were 14.8 cents per gallon, versus 10.8 cents in the fourth quarter of 2009. Retail fuel margins for the entire 2010 fiscal year hit 12.9 cents per gallon, compared to 13.9 cents per gallon in FY2009.
The annual fuel volume per site per month was 39,000 gallons. According to NACS, the average c-store sells 121,000 gallons of fuel per month annually. That means Alon stores sold about one-third of the national monthly average.
The total number of stores at the end of the fiscal year was 304, four stores fewer than in 2009. Alon USA is the largest 7-11 Licensee in the US, operating sites across the southwest under the FINA brand.
by John Keller | Mar 10, 2011 | Fuel Price Management, Fuel Pricing Technology, Industry News
The 2011 Pricelock Fuel Pricing Survey report revealed 75% of the US Business Fleets surveyed said they are willing to drive out of their way to save 25 cents per gallon of gas, and 25 percent of those surveyed said they would drive five miles or more for such savings.Respondents included 451 executives, fleet managers and other industry professionals associated with small, medium and large fleets representing a broad range of industries.
The report also showed 65 percent of the U.S. business fleets surveyed are forced to absorb higher fuel costs directly and suffer the bottom-line impact, while only 16 percent are able to pass on rising fuel costs by increasing prices to their consumers.
by John Keller | Mar 10, 2011 | Fuel Pricing Strategy, Retail Fuel Margins
Delek US Holdings in their management reports revealed their retail fuel margin results for Q4 2010 and for the entire 2010 fiscal year.
Retail fuel margins for the fourth quarter were 13.1 cents per gallon, versus 12.9 cents in the fourth quarter of 2009. Retail fuel volumes for Q4 decreased approximately 5 percent from the same quarter a year ago to 103.1 million gallons. But with the decrease in the average number of stores from 450 to 417, that equates to 82,333 gallons per store per month on average, slightly up from last year.
Management reported Retail Fuel margins for the entire 2010 fiscal year hit $.161 per gallon, compared to $.136 per gallon in FY2009. The annual fuel volume per store per month was 82,500 gallons. According to NACS, the average c-store sells 121,000 gallons of fuel per month annually. That means Delek stores sold about 30% less than the national monthly average.
Delek closed the fiscal year with 412 sites in operation throughout Alabama, Georgia, Tennessee, Arkansas, Louisiana, Mississippi, Kentucky, and Virginia. Sites are branded under the name MAPCO Express®, MAPCO Mart®, East Coast®, Fast Food and Fuel™, Favorite Markets®, Delta Express® and Discount Food Mart™.
by John Keller | Mar 9, 2011 | Fuel Price Optimization, Retail Fuel Margins
Casey’s General Stores reported Q3 retail fuel margins were at $.139/gallon. This exceeded the management annual goal of $.135/gallon by four-tenths of a cent. Same store gallons sold were up 3.5% for the quarter.
For the first nine months of the fiscal year, management reported retail fuel margins of $.151/gallon, and total gallons sold were 1.1 billion. Management reports the total number of sites is now at 1618, an increase of 88 sites from the beginning of the fiscal year.
by John Keller | Mar 7, 2011 | Fuel Price Management, Fuel Pricing Strategy, Industry News
In today’s US Energy Information Adminstration weekly fuel price report, the USEIA revealed another $.14 increase. The US national average retail fuel price of unleaded gasoline now sits at $3.52/gallon, a gallon of midgrade rose to $3.63, and a gallon of premium rose to $3.75.
Following last week’s price increase, fuel prices have now risen $.34 in two weeks.
The regional areas of New England and the Gulf Coast both saw the average gallon of unleaded fuel rise $.16/gallon. The lowest increase of any region was $.11 in the Rocky Mountains, which continues to have the lowest fuel prices in the nation, where a gallon of unleaded is $3.29.
As for individual states, Texas had the largest fuel price increase of the week, where prices rose $.17/gallon for unleaded, with an average price of $3.40/gallon.
In Los Angeles and San Francisco, a gallon of Unleaded is priced at $3.89 and $3.91 per gallon. Premium is priced above $4.00 in both cities, at $4.09 and $4.11/gallon.
by John Keller | Mar 2, 2011 | Fuel Price Management, Industry News
In the weekly “Today in Energy” report released March 1, 2011 by the US Energy Information Administration, there’s a good equation explaining how much a price increase for a barrel of oil equates to a retail fuel price increase.
“Many factors affect retail gasoline prices, but changing prices for domestic and global crude oils are particularly important. Typically, a $10 per barrel change in the spot price of crude oil translates into about a 24 cent per gallon change in the retail price of gasoline within about two months. About half of that price change usually occurs within the first two weeks of the crude oil price change. From the beginning of 2011 through February 18 – just before the Libyan crisis began – the spot price of Brent crude oil increased about $9 per barrel from $93 per barrel to $102 per barrel. Since then, the price of Brent crude oil has increased by a further $10 per barrel.”
That’s relatively consistant with what happened in the retail fuel market over the past 2 weeks, where the latter half of February 2011 saw a $10 increase in a barrel of oil equate to a $.25 retail fuel price increase.
