I doubt they can sell for more than a few cents less if that.
Retailers make almost nothing on gas sales.
It's the big oil companies that are raking in the big bucks in profits.
Of course they'll cry poor and say they only have an 8% profit margin, but 8% of a $4.00 gallon of gas is 32 cents.
That's about 30 cents more than the 2 cents that the retailer makes.
And you gotta remember that that 8% in profits is what's left after they reward their top executives with billions of dollars in compensation.
Most gas is sold at convenience stores these days and It's practically a loss leader in order to get you in the store to buy a bag of corn chips and a 44 ounce thirst buster both of which have huge profit margins.
Where the government really needs to get involved is in providing Health Care.
We could be saving hundreds of billions a year there.
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"The enemy of my enemy is my friend."
Last edited by Tom Joad; 07-20-2014 at 11:14 AM.
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