C-stores report healthy September fuel sales - Professional Carwashing & Detailing
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C-stores report healthy September fuel sales

ST. PETERSBURG, Fla. — Fuel margins saw healthy gains over last year across all regions, and levels are expected to continue toward success.

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ST. PETERSBURG, Fla. — Strong fuel margins seen in July and August continued in September, according to CSPnet.com.

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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.

Read also: Consumer expectations, new competition pressure c-stores to evolve

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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