> Obama Regime Report < Obama Regime Report: Interesting Insight on Local Gas Stations And Profit Margins

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Friday, May 25, 2007

Interesting Insight on Local Gas Stations And Profit Margins

I myself have never really given alot of thought to what gas stations pay for their gasoline as all I really care about as well as most is the numbers outside the stations. You know, the ones that keep climbing on the now electronic billboards that resemble the toteboards at Jerry Lewis' MD Labor day telethons than traditional gas price signs we're accustomed to seeing in the US.

Read on and you'll be surprised what the actual prices are that even these station owners are paying for their gas, and you'll see why many of them may be doing what this guy in Wisconsin just did. So the oil companies are even gouging their own dealers who aren't getting rich at all it appears, but the companies sure are turning beyond huge profits as we all know.

I'm not a proponent of taxes for the profits or other non free enterprise solutions, but something has to be done. Be it the lessening of the restrictions on blends to increase capacity at refineries, or build more refineries instead of talking about it, which is what Washington does best as we know.
Running on empty:

JS Online: As gas prices hit another record last Friday, Jeff Curro couldn't take it anymore."He wasn't a motorist at the pump fed up by the blur of numbers spinning higher as he filled his tank.

Curro is a gas station owner who has stopped selling gas to his own customers."

After selling gas at N. 124th and W. Burleigh streets for 20 years, Curro turned off his pumps at his Shell station in Brookfield when the price he was being asked to pay was just too much.

Including the wholesale cost of gas and other taxes and charges, he was being asked to pay $3.44 a gallon Friday, a day when the competing stations down the street were selling gasoline for $3.47.

"Three cents a gallon doesn't cut it," Curro said. "It doesn't pay the bills." read more

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