• Sunoco LP average gross margin for 2023 was 5.73%, a 7.28% increase from 2022.
• Sunoco LP average gross margin for 2022 was 6.18%, a 34.74% decline from 2021.
• Sunoco LP average gross margin for 2021 was 9.47%, a 18.52% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.