ST. PETERSBURG, Fla. — Strong fuel margins seen in July and August continued in September, according to CSPnet.com.
National retail fuel margins posted the third highest average for the month in 10 years, stated the article. September margins “measured six percent above three-year averages.” The research was done by Raymond James & Associates.
Third-quarter margins beat 2013 levels by 18 percent, hitting a record average, reported the article.
Raymond James said in the article that it expects “fuel margins accelerated given an approximate 70% inverse correlation and decline in spot gasoline prices.”
The levels hit records across all regions of the country, with the Northeast, Southeast and Texas regions posting 10-20 percent gains, noted the article.
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