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Post# of 42555
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Re: Relentless Despot post# 41224

Thursday, 04/28/2011 10:01:55 PM

Thursday, April 28, 2011 10:01:55 PM

Post# of 42555
They do have a fairly fixed profit margin. I have inlaws who own one and their distributor calls them to tell them what price to display on the sign and the pumps. A lot depends on who owns the tanks, a decade ago when the "all underground tanks are leaking" siren was sounded by the EPA many independents couldn't afford to replace underground tanks so the distributors along with funding from the majors agreed to replace the tanks under the condition that they set the profit margin for the product.

For most gas stations, selling gas is a sort of loss leader in that if they had to survive on that alone they wouldn't be there at all.

the government cannot give anything to anyone -- that they have not first taken away from someone else.

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