Financial research concept

Convenience Store Fuel Margin per Gallon

measures retail fuel revenue less fuel cost of goods sold per gallon under the issuer's stated convention.

By Lee BaileyPublished Sep 26, 2026
Research context

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Research date
Sep 26, 2026Use the dated article and cited sources for the definition, examples, and stated limitations.
Operating-model context
17 connected conceptsPart of the reviewed Convenience Store & Fuel Retail Economics; issuer definitions remain distinct where disclosed.
Company examples
1 reviewed companyRelationships reflect supported examples, not a normalized cross-company KPI ranking.

Convenience store fuel margin per gallon measures retail fuel revenue less fuel cost of goods sold per gallon under Casey's convention.

Casey's reported 42.57 cents per gallon in fiscal 2026, up from 38.68 cents in fiscal 2025.

Unit contribution increased by 3.89 cents per gallon

The increase was approximately 10.1%.

That gain combined with 10.0% growth in total gallons to produce a much larger increase in fuel gross-profit dollars.

The annual fuel contribution bridge reaches about $1.496 billion

Multiplying 3.515 billion gallons by $0.4257 gives approximately $1.496 billion.

Casey's reported $1.497 billion of retail fuel revenue less cost of goods sold, confirming the unit metric against the category total.

This is not a GAAP operating margin

The measure excludes store operating expense and depreciation.

Use Convenience Store Fuel Gallons Sold to separate physical volume from per-gallon economics.

Primary source: Casey's General Stores 2026 Form 10-K.

Part of the Convenience Store & Fuel Retail Economics

Connects convenience-store inside sales and category contribution with retail fuel throughput, per-gallon economics, mature-store demand, unit productivity, and footprint growth.

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Compare fuel unit contribution with total gallons and the resulting fuel gross-profit dollars.

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