by John Keller | Nov 2, 2012 | Retail Fuel Margins
Retail fuel margins continued on an upswing this week, reaching $0.368 per gallon which is up $0.011 from a week ago. That is according to the weekly OPIS report released each Friday.
The winning streak stands at three consecutive weeks. Just two months ago, retail fuel margins were at $0.143 per gallon, making this $0.22 per gallon increase since then a welcome relief. Two months remain in the year, and from a fuel price management perspective, fuel retailers are looking to hang on to margins in order to make up for the suffering of previous quarters.
by John Keller | Nov 1, 2012 | Retail Fuel Margins
In the Marathon Petroleum Q3 fiscal results, Speedway announced today that both their quarterly retail fuel margins and retail fuel volumes were lower compared to the same period last year.
For the three months ended September 30, 2012, retail fuel margins were at $0.1100 per gallon, down from $0.1257 last year. Total retail fuel volumes were 779 million gallons for the quarter, compared to 775 million for the same period last year, but same store fuels volumes for the quarter were down 3.9% year over year. Speedway operates 89 more stores than last year at this time.
by John Keller | Oct 31, 2012 | Retail Fuel Margins
In their Q3 fiscal results, Tesoro announced today their quarterly retail fuel margins were improved over last year, but same store retail fuel volumes were lower.
For the three months ended September 30, 2012, retail fuel margins were at $0.19 per gallon, up $0.03 for the same quarter last year. Total retail fuel volumes were also up from last year, but because fuel volumes were spread over an additional 223 stores more than last year, fuel volumes per same store were down 1% year over year.
Tesoro company-owned stores averaged 152,076 gallons per month for the quarter, roughly 22% higher than the NACS national annual average of 124,000 gallons of fuel per store per month.
by John Keller | Oct 30, 2012 | Retail Fuel Margins
Valero Energy Corporation reported their retail fuel margins were $0.147 per gallon for the first nine months of the fiscal year, up from $0.146 for the same period in 2011. Retail fuel gallons were 5,114 gallons per day per store for this period, up from 5,053 for the same period last year.
These retail fuel management results reflect a continuing strong fiscal year for the Valero retail fuel group.
by John Keller | Oct 26, 2012 | Retail Fuel Margins
Retail fuel margins jumped $0.127 per gallon this week to $0.357 per gallon, according to the weekly OPIS report. That is the second weekly gain, and one of the largest retail fuel margin increases of the year. Retail fuel teams have now seen retail fuel margins increase $0.196 per gallon since mid-October.
From a fuel price management perspective, this is a great news for the fuel retailer, who now may have enough margin to help offset the decreased volumes from the peak travel time of year, and the poor margins of July, August and September.
by John Keller | Oct 19, 2012 | Retail Fuel Margins
Retail fuel margins rose $0.069 per gallon this week to $0.230 per gallon, according to the weekly OPIS report. That is a reversal of a two week trend, and nearly returns retail fuel margins to September 28 levels, where margins stood at $0.244 per gallon.
From a fuel price management perspective, this is a welcome relief and offers fuel pricing teams a chance to make up for lost margins the first half of October.
