re: Crude Oil up 8% as OPEC Agrees to Cut Output

I don't wanna break the bad news to you guys that gas station owners really don't make more than 20 cents a gallon tops and even less when you factor in credit card fees and swipe fees but go ahead rant on. Gas is a loss leader to get people in the store to buy high margin snacks, I actually have a store that loses money on gas to compete with a corporate owned shell station across the street. Do you know if you fill up 4 gallons or less which many people do I lose money after the swipe fee and credit card %. I'm not complaining I still do great but huge misconception on what you think is made per gallon. I'll tell you the real winner,the us government making a nice 39 cents per gallon in tax,almost 2-3x what I make while investing $0 of their own.

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Owners of gas stations rush outside to raise price on pumps even though this won't affect their pricing for weeks or months.

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Hate to break it to you but the price of gas is based on the price for the current load of fuel being used. This is why gas stations dirrectly next to each other or across thr street alot of times have different prices one day and eventually are the same a day or two later.