A service station owner explains why gas is so expensive on a sign at his station.
H/T DML
Wednesday, 26 January 2011
Why gas cost so much in 1955
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1 comment:
sad thing is, The stations still only make around .06 a gallon. They changed the way the pay a while back, so now they charge more per gallon but when it was Pay for the previous load when getting the next they were limited to making no less than .06/gallon and anymore and folks just went down the road. Full serve made an additional .10/. Now they are paying for the next load out of the profits from the load they have, so they keep closer watch on pricing or they may not have enough to pay for the next load with the price jumping so high, so fast.
Clinton was responsible for signing the law that changed that here in the US. A buddy had an Exxon (Esso to y'all others) and had the original "get a load, add .6 and sell it" contract, moved to a bigger station in Nashville Tn, and got the "Pay for a load and sell it" contract there. He eventually got out of the station business, in part due to having to change his price almost daily to keep from going broke on the next load, and he was getting a tanker a week. As it was, it worked out to around 6 cents profit in the wash. Sometimes more, many times less if he didn't catch a jump.
So, if you think the price is changing daily, it might be, but the owner is just trying to stay in business.
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