F... gas prices

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Originally Posted by 724Skinsfan

If I'm not mistaken. If you are purchasing gas to sell at a station you need to have the cash available for future purchases. Let's say you buy 100 gallons of gas for $100 now. You sell it for 10% markup and make $110. You have made $10 profit. Now next week gas goes up to $120 for 100 gallons. You don't have enough from last week's sales, you're $10 dollars short. Thus you need to sell it at a price that believe will keep you operational. There is no conspiracy only entrepreneurship.

So you really think that the minute the gas hits their tanks they have to write a check to the truck driver. I find that hard to believe and most businesses have 30 days to pay their bills to venders and remember thay have a contract with their vendor weather its Exxon, Moble 1, Shell etc... Its not like they just pick up the phone and just call whoever for their gas and pay COD. I think its just an excuss to hit us up anytime something happens. I'm not saying this is the Oils Co's doing this its the gas stations which are independently owned.