Quote:
Originally Posted by sammyg2
Take the wholesale price and add to that anywhere from 40 to 70 cents a gallon for taxes depending on where you live, and the rest goes to distributors and station owners. Up to 60 cents a gallon goes to the station owners, which is at least 10 times as much as the refining companies are getting per gallon, prolly more.
One thing to keep in mind, the station owners are making a slightly higher percentage of profit that in recent past but the price of a gallon has basically doubled so they are making more than twice as much as they were 5 years ago. Most of them are literally making a killing right now.
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I'd like to know the location of the gas stations with 60 cent/gallon margins. I have been actively looking to buy commercial property and the margin on gasoline sales averages around 10-15 cents/gallon. Sellers of commercial property have every incentive to juice their profit numbers, so why would they claim 15 cents/gallon instead of 60 cents/gallon?
The real money at gas stations is in items inside the store. The margin on junk food is incredible.