by John Keller | Feb 1, 2011 | Customer News, Fuel Price Management, Industry News, Retail Fuel Margins
Valero Energy Corporation announced in their financial results for 2010 that US retail fuel margins for the year were $.140 per gallon, higher than 2009 by $.014. Retail fuel margins for Q4 were at $.086 per gallon, lower by $.026 per gallon than last year’s Q4.
Across their 990 company-operated sites in the US, Valero sold 154,699 gallons per store per month, less than 2009 by just 3132 gallons per month.
Valero is one of the largest retail operators with approximately 5,800 retail and branded wholesale outlets in the United States, Canada and the Caribbean under the Valero, Diamond Shamrock, Shamrock, Ultramar and Beacon brands. Based in San Antonio, Valero is a Fortune 500 company with approximately 20,000 employees.
Read the entire financial report here.
by John Keller | Jan 28, 2011 | Retail Fuel Margins
In their preliminary fourth quarter 2010 operating results update, Susser Holdings announced they expect their 2010 retail fuel margins to be in the range of $.183 per gallon. That would be a $.04 per gallon increase in retail fuel margins for the year over 2009.
Susser Holdings has 525 stores, a net gain of 13 stores over 2009. Retail fuel gallons sold per store per week is expected to grow 2.5% above 2009.
by John Keller | Jan 7, 2011 | Fuel Price Optimization, Industry News, Retail Fuel Margins
The US Energy Information Administration (US EIA) reported the U.S. average retail fuel price for a gallon of gasoline increased for the fifth straight week, advancing almost two cents versus last week to $3.07 per gallon.
That price is 41 cents more than the price a year ago, the EIA noted in the January 5 issue of “This Week in Petroleum.”
Fuel prices on the Gulf Coast jumped two and a half cents, the largest increase in the country, followed by the Rocky Mountain region, where prices were over two cents higher. The East Coast, West Coast, and Midwest all saw fuel prices rise under two cents, in line with the national average increase. Prices on the West Coast were the highest in the country at $3.24 per gallon, while prices in the Rocky Mountains were the lowest at $2.85 per gallon.
Diesel fuel prices also advanced for a fifth consecutive week, with the average retail diesel price increasing almost four cents per gallon, the EIA reported. The national average for a gallon of diesel is now $3.33 per gallon, 53 cents higher than last year at this time. As with gasoline, prices on the Gulf Coast led the way, gaining a nickel versus last week. East Coast prices were up more than four cents. Diesel was more than three cents higher on the West Coast. Rounding out the gains for the week, both the Midwest and Rocky Mountains increased about two cents. This marks the thirteenth increase in the last fourteen weeks for the Rocky Mountains.
This article appeared in National Petroleum News.
by John Keller | Dec 8, 2010 | Retail Fuel Margins
Retail fuel margins in the third quarter at Kroger hit $0.127, compared to $0.119 for the same period last year. Michael Schlotman, CFO, reported in the Kroger earnings call December 2, 2010: “On a rolling four-quarter basis, the cents per gallon retail fuel margin was $0.121 compared with $0.107 in the comparable prior period. In the third quarter, our retail fuel operations benefited our total Company results by about a penny per share on a year-over-year basis”.
by John Keller | Dec 6, 2010 | Retail Fuel Margins
Retail Fuel margins are projected to be $.12/gallon for fiscal year 2010 in the Kroger Q3 earnings report issued December 2, 2010. Kroger’s Form 8-K filed with the US Security Exchange Commission also projects “continued strong growth in gallons sold”.
This $.12/gallon retail fuel margin projection is 5 to 7 cents lower than many other companies selling retail fuel in a comparison of financial results in 2010.
by John Keller | Nov 29, 2010 | Retail Fuel Margins
Retail fuel margins in the US improved by $.0134 per gallon to reach $.1712 per gallon, according to the second quarter financial report from Alimentation Couche-Tard. These retail fuel margin improvments helped net earnings improve by 19.7%. The company also cited additional sites offering fuel as a reason for the improved earnings.
Alain Bouchard, president and chief executive officer, said it was the company’s focus on margins that allowed them to deliver good results, as well as their focus on merchandise sales and expense control.
Fuel volumes in the US were up .5%. Total fuel gross profit in the US hit $143 million USD, and in Canada fuel gross profit hit $33 million USD, for a total of $176 million USD for the quarter. For the past two quarters, US fuel margins hit $.1811 per gallon.
