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Old 08-23-2005, 02:01 PM  
iBanker
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Join Date: Dec 2004
Location: San Diego, moving to Portland.
Posts: 2,758
Quote:
Originally Posted by EroticySteve
I don't buy into the $0.01 per gallon profit.

Their costs don't rise $0.05 to $0.15 per day like their gas fluctuates in price. The price they paid to fill their tanks is what they should price the gas leaving. But they're not going to be caught with their pants down. As the prices go up they are making up for the cost to refill those tanks the next time. Their taxing customers on the front end and on the back end.

There is no real reason why gas and oil should be priced as high as they are. The oil companies are making record profits off of us. That's their job. Their stockholders are happy and that's great. However, the price was ridiculous when it was in the high 1's now that we're in the high 2's and low 3's in some places something has to be done.
Actually Steve, it is quite accurate. One of our closest family friends owns dozens of stations. I have even sold him land to build one on in the future here in SD.

What Fleth says above is true though about the mini-malls. Some of this guys stations are 5,000 sq/ft, and he makes a killing on that.
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