Quote:
Originally Posted by Locke
Its as though they expect people to believe the gas station pie chart or the nice newspaper ad saying that they dont make any money from fuel and completely ignore their financial statements whose bottom line figures get displayed across the front page of every financial newspaper on a monthly basis.
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The pie chart is correct. The guy who owns the local station makes very little on gasoline. The key to remember is your Esso station down the road is likely owned by a franchisee, not Imperial Oil.
When I worked at a gas station the gasoline sales were a break even proposition. That paid for the rent, the electricity, etc. Anything we could sell over and above the gas was profit though. So on a $40 fill up the owner doesn't make a penny. But as soon as I buy a can of pop he's just made some money off me.