The Conservative Cave
Current Events => Economics => Topic started by: Ptarmigan on October 05, 2022, 06:46:58 PM
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Gasoline Prices Keep Climbing, but Retail Gas Station Margins Plunge, With Many Now ‘Under Water’
https://www.zerohedge.com/political/gasoline-prices-keep-climbing-retail-gas-station-margins-plunge-many-now-under-water
Despite gas prices rising over the past weeks, retail gas stations are seeing their margins decrease, putting a strain on such businesses.
The national average price of regular gas, as of Oct. 5, was $3.831 per gallon, up $0.26 from the previous day, $0.66 from a week back, and $0.45 a month ago, according to data from American Automobile Association (AAA). In contrast, profit margins of gas stations have gone down.
“OPIS MarginPro shows retail gas margins are ~18cts/gal nationwide. That’s down 17cts/gal in a week; 25cts/gal in a mo.; and 54cts/gal lower than end 1Q 2022. When one considers operating costs (labor, credit card fees, etc.), many stores are under water,” noted Tom Kloza, an expert on North American fuel markets, a tweet. on Oct. 4.
In 2021, the gross margin on gasoline was $0.309 per gallon, or 10.2 percent of the $3.03 per gallon average price, according to global trade association NACS. In the previous five years, retail gross margins on gas averaged $0.272 per gallon, which comes to 10.7 percent of the gas price.
Gas stations are struggling despite high gas prices.
Original Link
https://www.theepochtimes.com/gasoline-prices-keep-climbing-but-retail-gas-station-margins-plunge-with-many-now-under-water_4777499.html
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They don't make much money at all on gas -- most of their coin comes from the sodas, chips, and candy bars that they sell. And have you checked the price for a bottle of water? Damn near $2.
So while they're trying to stay competitive, they can (and do) jack up the prices on the stuff that they really make money on -- coffee, donuts, and sundries.
I am looking for the day when they start charging you to take a dump. :p
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I am looking for the day when they start charging you to take a dump
They used todo that in England, that’s where the term “spend a penny” came from.
Pay toilets are nothing new even here.
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They used todo that in England, that’s where the term “spend a penny” came from.
Pay toilets are nothing new even here.
It's common in Europe/Germany, but I have NEVER seen it here in the States. Maybe in a truck stop?