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In my country general idea is that gas stations make almost no profit on gas because of amount of tax included in fuel price. Then most of them earn they keep
by ozim 6y ago
In my country general idea is that gas stations make almost no profit on gas because of amount of tax included in fuel price.
Then most of them earn they keep on being convenience stores.
- TeMPOraL 6y ago> because of amount of tax included in fuel price. That arguably can't be true, because every gas station pays the same tax. That means, if you removed the tax, gas stations would still be making almost zero profit on gas (but the gas would be cheaper to customer by the amount of tax). Competitive pressure pretty much ensures that.
- ozim 6y agoI checked up and they have 6% margin on fuel where food and drinks it can be up to 30%.
- cr1895 6y agoThat is true, but I don't think it has much to do with the tax. Credit card transaction fees have a big impact as well...it's why you often see a lower cash price for fuel.