Price of Gas II
- Thread starter Go Bama
- Start date
2.57 @ Costco, and a 4% rebate to my Costco card...puts it about 2.47 or so....
They generally make barely anything off the gas. They want to get you inside and sell you beer, wine and snacks...
Used to be a few pennies in years past, now it’s 7-10 cents. If the cheapest gas retailers are making 7, the highest are making 47 cents per gallon. Average retailer sells 4000 gal/day.
If you operate under the assumption (safe) that the cheapest sellers are still making a profit after transportation costs. then the top price sellers are making a fair margin.
In our area many of the convenience stores and the gas pumps are owned and operated separately. The The convenience store owner gets paid 1-2 cents per gallon for retailing the gas.
Pretty much the story with the ones I've represented. If they are now making a decent margin, things have changed radically...
One thing you can be sure of, unfortunately, is that people will continue to buy gas guzzlers, that they dont really need, and then complain about how much gas costs. 
It went up .30 overnight at Murphy’s, went from 2.48 to 2.78 last Wednesday night; holding at 2.79. Other stations are back up over 3.00.
Upside CEO: I’ve analyzed the profit margins of 30,000 gas stations. Here's the proof fuel retailers are not to blame for high gas prices
Rewards company Upside says its data shows fuel retailers aren't to blame for high prices at the pump.
I disagree with the “no loyalty” comment from the article; I see people paying .20 higher at a station right across the street from a Shell that also accepts Fuel Rewards for even bigger price difference. If it’s not “loyalty” (and it is not a matter of ease of ingress/egress), then what is it? Stupidity?
I have a sample size of two. Neither my wife nor I have any loyalty to any gas station. I use an app, Gas Buddy, to find the cheapest gas.
How is demand up now when the holidays are over and the traveling is done? Seems like if it was a demand thing, the price would have jumped before Christmas, not after. On Christmas around me, gas was $2.50-2.70 depending on the station, this morning I paid $3.09.
This is a joke, I hate oil companies, they are ripping us all off. I hope these companies die sooner than later. The next time I buy a car, which is probably 5+ years away, it will not use gas and I don't care if the battery range sucks. I'll get a dang golf cart if I have too.
This is a joke, I hate oil companies, they are ripping us all off. I hope these companies die sooner than later. The next time I buy a car, which is probably 5+ years away, it will not use gas and I don't care if the battery range sucks. I'll get a dang golf cart if I have too.
Latest threads
-
-
No. 23 Alabama Sweeps Sunday Double-Dip, Takes Series from No. 6 Georgia- Started by Diamond Tide
- Replies: 1
-
Alabama: Alabama and St. John's are finalizing a home-and-home series against each other- Started by BamaNation
- Replies: 0
-
New healthcare thread (part II)- Started by crimsonaudio
- Replies: 1
-
No. 23 Alabama to Resume Series with No. 6 Georgia on Sunday
- Started by Diamond Tide
- Replies: 5
-