Found a good article: https://www.convenience.org/Media/conveniencecorner/Who-Makes-Money-Selling-Gas
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But but but BidenâŠ
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I didnât realize our president controlled gas prices around the worldâŠguess he is looking out for us after all.
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He doesnt control his blatter much less the country, we agree on something.
We knowâŠthe thread was just a sham from the beginning. Thanks for confessing.
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$3.39 at my local Samâs. The usual dotes havenât mentioned gas prices since the media they consume arenât mentioning it either.
Is anyone giving credit to oil and gas companies for prices dropping like they got blame going the other direction?
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Thatâs capitalism. High prices generally lead to lower prices. It just takes time and the more complicated the production process the longer it takes.
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They are losing $ at that price probably 20 to 30 cents a gallon. Bucees and Sams in TC are having a gas war. I talked to the manager at Bucees and he said they were losing their ass on gas at that price.
Agree, the blame game that was going on was politics though.
Doubtful theyâre losing money (and if they are theyâre making it up inside). Gas has been dropping steadily the last month so a retailer could have gas they bought last week at a higher price than another retailer that got it this week. But Bucees and Sams both through gas batches pretty quick.
(Hank Hill voice on) Tell you whatâŠAnother $10-20 drop in oil would be really niceâŠ
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Spin spin spin. lol.
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100% in both directions
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I can assure you that they are losing $ selling gas at that price. Probably 20 to 30 cents a gallon. You are correct they donât sell gas to make $ they use it to attract customers.
How is this spin?
âtheyâre losing their assâ
Thatâs how. They arenât. At most its a loss leader. Theyâre banking big time every day, every hour.
From 2021âŠ
âIn fact, they can offer fuel as a loss leader â a cheap offering that attracts customers who then stay and buy other stuff that have higher profit margins.â
âŠdamnâŠI should go into economics journalism.
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And that would seem to fit in with Timewise recently starting to charge a .90 cent increase for their premium 93 octane from the normal .70 cents upcharge most stations, including shell, have charged for the past decade.