Gas prices

[specktator]

Originally Posted by specknation

I have interest in a gas station here locally in the Hammond area, and .04 to .06 is the average profit on a gallon of gas. It's rare to make any more than that, and if you figure keeping gas pump equipment pumps, credit card readers, etc... that figure is more like .03 per gallon, its just a reason to get people in to buy other things.

Well your distributor must be marking you up $.20+ per gallon if you are only able to mark your fuel up less than $.05 per gallon in order to be competitive. Are you able to see what rack price(before taxes and fees) is on the fuel you are getting? What are you selling unleaded for today?