Profit from gas is only enough to keep the lights on. Most of the profit is made from what’s inside the convince store attached to it.
I’m not sure what to make of businesses with slim profit margins. I don’t see many gas stations going out of business. Restaurants on the other hand, they seem to go out of business quite often.
“Most of the profit is made from what’s inside the convince store attached to it.”
yep ... almost all the gas stations around here have large convenience stores attached: junk food/beverages, lottery tickets, tobacco/nicotine products and beer ...
And then there is the Texas-sized operations like Buc-ee's where a plethora of pumps surrounds a near nirvana of convenience store the size of a small walmart! Yep, also Texas based but spreading through the SE USofA!
The largest sellers of gas are the convenience chains, big boxes like Costco, and the grocery chain fuel centers, like Kroger-Not the big oil companies.