Gas Stations Are Hurt By High Oil Prices

Gasoline Companies are Doing it all Wrong

It turns out that gas stations don’t make much money from selling you gasoline.

They make only pennies per gallon sold. Most of the profit, about 75%, comes from the markups on convenience store items such as sunglasses, hot food or medicine, according to the Associated Food and Petroleum Dealers, or AFPD, a trade association of independent operators.

Seems like they’re doing it all wrong. If gasoline is the loss leader to get people to stop in a buy some sunglasses, perhaps they should differentiate themselves by providing different profitless products and services.

Photo by CREATISTA/ShutterStock.

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