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I think he had them backwards -- I've heard similar stories from others who own gas stations. Gas makes up a substantial portion of their revenue, but the marg
by tdfx 14y ago
I think he had them backwards -- I've heard similar stories from others who own gas stations. Gas makes up a substantial portion of their revenue, but the margins are so thin that most of the profit comes from the food and retail services.
- kamaal 14y agoSo basically gas stations are just an excuse to do other business?
- nicholassmith 14y agoPretty much, depending on their location often people pulling in to refuel are a captive market.
- 385668 14y agoAnd why convenience stores in Japan (and other places, I assume, though I haven't seen them) frequently sell the same kinds of merchandise as gas stations do in the US, but most don't sell gas because the margins are so small, the pedestrian market smaller, and real estate so expensive.