#5SmartReads - September 15, 2021
On the true cost of gas, the stock market, and the misogyny of the early aughts
This was news to me - and perhaps to you as well.
I naively thought that when gas prices were high, the station owners were the big winners. That’s not the case at all.
The average net margin a gas station makes is 1.4% on fuel, due to the cost of crude oil, refining, transport, taxes, and minimal markup.
Most gas stations are also small businesses, with individuals owning a single station or franchise making up over 50% of all gas stations in the United States.
If you needed a reason to indulge in a fountain soda or a king-sized candy bar the next time you’re at the gas station, here it is.