Who really believes this? Normally profits are used for maintaining merchandising outlets. These guys are so greedy that they don’t even do that. And note he admits (and kinda seems proud of the fact) that some gas station’s margins are so thin that they make more money off everything but gas. In other words, the Big Oil people have taken the profits for themselves and left independent gas station owners to get by on the sale of snacks. These guys remind me of profit vacuum cleaners. They suck up every penny they can get. Maybe we should put a plug in it.
** The fourth-biggest factor in prices is the cost to establish and maintain the retail outlet. There are more than 5,000 service stations in Illinois and most experts believe gasoline sales are often a “loss leader.” Springfield is increasingly affected by large general retail chains selling gasoline. Most experts conclude these “new era” marketers sometimes offer lower prices, but cause significant price volatility. My experience tells me many consumers are more upset about volatility than the actual price. Unfortunately, I don’t see price volatility going away.
You pays your money and youse take your chances.