US Oil Producers Fail to Produce

[Gelston]

Information was already quotes bro, if you aren't paying attention stay out of their conversation.

Except your information is trash. On the best of times a gas station might make 15 cents on the gallon, at the worst of times, like during a gas spike, they might make 5 cents a gallon or even less.

Let's assume they get refilled once a week, although, depending on where they are and the business they get it could be up to 3 weeks, but let's go with 1 week. Even at a 15 cent profit, they are only pulling in 6 grand a week from gas. Then they have to pay underground storage fees, hazardous storage fees, and whatever other kind of fees their local government might have on them.

Considering 2 employees on working 12 hours at $15 an hour 7 days a week, there is half of that gas profit gone in wages. Paying someone to be a manager? Other half is gone, but you can probably do that yourself as the store owner. So you got 3 grand a week, probably paying around 7500 a month for the lease. So, as the OWNER, you are taking home 1875 a week prior to taxes. This is when you have a fairly decent profit margin on gas sales. When you're forced to drop it to 5 cents, which you'll need to do when prices rise to stay competitive, as the owner, you aren't making anything, even if you fire a worker.

Gas stations NEED their inside sales. Gas only exists as a way to get people to stop at the store. They can't simply "lower the prices".