According to the OPIS report today, the average retail fuel margin across the US dipped below the equivalent date for last year. The average retail fuel margin is now $0.021 below last year, the first time the weekly average is below 2013 since July 4.
The retail fuel margin average now stands at $0.235 per gallon, down $0.041 from last week, compared to $0.256 last year. The year to date average continued its upward trend by rising $0.002 to $0.183 per gallon. The Q3 average was slightly less this week at $0.253 per gallon, while the six week average rose $0.007 to $0.263 per gallon.
Last year, the next three weeks showed a margin drop of seven cents per gallon. We’ll see if this year we can keep margins at current levels and maintain the strong Q2 numbers we’re seeing so far.