F... gas prices

724Skinsfan · 09-15-2008, 10:20 AM

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.

09-15-2008, 10:20 AM	#10
724Skinsfan Playmaker Join Date: Jan 2006 Location: Roanoke, VA Posts: 3,508	Re: F... gas prices 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. __________________ "I hope I'm getting better. I hope you haven't seen my best." - Jim Zorn

F... gas prices

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