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WillI owned several gas stations, as a second income, back in the seventies, I got my 4% margin whether it was 19.9¢ a gallon or 31.9¢ a gallon. I sold more of it at 19.9¢ but I was always at the mercy of my jobber..... My jobber was in Austin,Texas,so I just sat for hours without selling a tank of gas because I was still at 31.9¢ while Fisca on Navarro was at 19.9¢ with backed up lines.
I got a real awakening when the oil embargo drove my jobber out of business..... Foolishly, I thought I could just purchased gasoline locally... How wrong I was, no one would sell to me as an individual. We had that monopoly you're talking about.
I still remember big oil trying to keep and convenience stores from selling self serving gasoline,on the pretense that it was unsafe... The Circle K lawsuit changed everything.
As I have posted before, being from a family who brokers fuel and base stock, it all comes down to competition. Twenty years ago we could call over a dozen fuel supply sources for prices everyday in Houston.Now with all the mergers from the majors there are about two maybe three that we can get quotes from and guess what? Yes, they are all the same price, almost. The FTC thought Monopoly was a board game.
Wow! I remember when some guy that goes by "Justataxpayer" posted this comment a year or so ago......
"The city operates off of several budgets. Money from one budget feeds into another. Surpluses garnered from purposely over estimating expenses like $3.50/gal diesal estimates."
LMAO !!! Where u at JAT? Remeber that Dale?
Wow..That's $54.60 a fill up and the summertime prices are not here yet....It's either that or sleeping until dinner time to be able to afford it.:-)
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