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Pain at the Pump: Won’t Someone Think of the Gas Station Owners?
The next time you pump gas, try to feel the pain … of the gas station owners! Here’s a report by Elizabeth Douglass and Ronald D. White of the LA Times about how gas station owners are being squeezed by high oil and gas prices:
Despite the jaw-dropping prices at the pump — they jumped 19 cents a gallon in California to $4.43 in the last week and averaged more than $4 a gallon nationwide for the first time, the Energy Department said Monday — service station owners aren’t making the killing that motorists assume.
That’s because credit card fees, the price of tanker-loads of fuel and other costs are rising so rapidly that station owners haven’t been able to keep pace despite the record prices they’re charging.
"People see $4 gas, and they think these retailers are making a fortune," said Ben Brockwell, a director at Oil Price Information Service, which tracks fuel prices. "The reality is these guys are being stressed to the limit."
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