oil refinery fire

[ZKaudio]

... yey, as if 2.49 for 87 round here isn't enough... now they have enough press to legitamize raising prices even further...After seeing exxon/mob's profits from last quarter... think ima buy a gas station, for real. anyone got experience?

 

[MattTheSkywalker]

gas station margins are extremely low; like a penny per gallon, and pricing is tightly controlled.

This is why most gas stations have little stores or garages.

paradoxically, higher prices mean people buy less gas, so stores and garages both suffer.

Best time to own a gas station is when prices are at record lows, not highs.

 

[Alright123]

I knew a guy who owned about 15 gas stations and he did really well. With one gas station the margins are too low, the key is to have several.

 

[Crox]

U recon youve got it bad? Were paying about A$1.05 to A$1.10 per liter, which is about (1.05x3.78/0.78) US$5 per gallon? The worst part is we produce somthing like 80% of our own fuel, yet we pay world prices!

 

[Razorguns]

I knew a guy who owned about 15 gas stations and he did really well. With one gas station the margins are too low, the key is to have several.

Bingo. Leverage, leverage, leverage. I also don't know anyone with just *1* gas station.

 

[bran987]

gas station margins are extremely low; like a penny per gallon, and pricing is tightly controlled.

This is why most gas stations have little stores or garages.

paradoxically, higher prices mean people buy less gas, so stores and garages both suffer.

Best time to own a gas station is when prices are at record lows, not highs.

who the F*CK would have guessed!!!? Great info., I had no idea! And my family is in oil! (but on the supply side)

 

[chewyxrage]

I talked to this Iranian guy who owns a pretty small one by my house. He said he does okay, makes enough to live on. He is also is the only employee besides this guy who stocks the store. Don't think I could handle that for long. He's known for selling booze to underage kids (like my friends, lol) so that ups his profits, lotsa booze

 

[ZKaudio]

the margins may be low for the pump-man... but despite ridiculous oil prices... exxon mobile posted RECORD PROFITS... therefore, there is more than just the price of oil going into this... for conversations sake, I agree that the end seller ( the fuel station ) gets ripped by the refinery/dist. and therefore doesn't have profits correlating w/ the big boys... (i.e. ones taking advantage of ec. of scale and owning refin+dist+pumps)