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Posted: 9/2/2005 9:30:29 PM EDT
[#1]
Wont matter if you cant get the fuel to your tanks.
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Posted: 9/2/2005 9:32:04 PM EDT
[#2]
you have to meet certain requirements...
 
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Posted: 9/2/2005 9:32:52 PM EDT
[#3]
It's no gold mine...plus the cranky customers? No thanks.
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Posted: 9/2/2005 9:32:58 PM EDT
[#4]
I've talked to several owners, typical markup is .15 per gallon.
do the math 
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Posted: 9/2/2005 9:36:09 PM EDT
[#5]
You dont make that much and its a pain in the ass. Most make their money on car repairs
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Posted: 9/2/2005 9:36:18 PM EDT
[#6]
Depends.. here in Houston from $120,00 to $500,00 depends on what kinda set-up you want. I have a buddy who bought a nice 4 Island, 2 service bay station off major freeway (I-10) for about $500,00. Mom and pop kinda place off the beaten path with a single set of pumps go for about 120,00ish here. |
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Posted: 9/2/2005 9:37:07 PM EDT
[#7]
True Dat and off the inside sales... one can never have enough jerky!! |
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Posted: 9/2/2005 9:37:34 PM EDT
[#8]
And you belive them?  They said the same shit back in the late seventies. |
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Posted: 9/2/2005 9:38:01 PM EDT
[#9]
.15 a gallon thats it? |
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Posted: 9/2/2005 9:40:14 PM EDT
[#10]
Yep that's pretty much it. You do get the annual kickback check from the co. whos gas you sell. |
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Posted: 9/2/2005 9:40:23 PM EDT
[#11]
From what I've heard, that figure is wildly optimistic - Essentially, the gasoline is a loss-leader that generates traffic into the store for $3 slurpies, $9 six-packs of beer, 7-day-old hotdogs, lottery tickets, etc. At the retail level, the money isn't in the gasoline; it's in the follow-on sales. |
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Posted: 9/2/2005 9:41:58 PM EDT
[#12]
arfcom group buy?
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Posted: 9/2/2005 9:43:38 PM EDT
[#13]
No, it is about 1/3 of that. Yes, a nickel a gallon. Pipeline operator? About $0.03 a gallon. Refinery? About $0.05 a gallon. It all averages out. Remember back in 1998? Refineries were LOSING money on the gasoline. But they HAD to refine it because the higher fractions in the crude were valuable and they made out on it. Here is the math. Back in 1998, gas here was selling for $.73 a gallon with crude at $12 a barrel. Now crude is $70 a barrel.... 70/12 * .73 = $4.25 |
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Posted: 9/2/2005 11:44:31 PM EDT
[#14]
Say 800 customers in a day. Each one buys an average of 10 gallons of gas. 8,000 gallons of gas, markup total $1200. 3/5 of customers also buy a pop and snack, so add a profit of $1.50 per 3/5 customer, or $720. $1920 profit in the day. You have to pay attendants to be there all day. $7/hr for 16 hours (assuming your shop isn't open 24 hrs) is $112, and if you pay benefits double that outlay to $224. Do you own or rent? :) I'll assume it's rented for $10,000 per month, or about $333 per day. Wild guess on utilities...$1000/month? $33/day. Make it $50/day. About $2000 gross profit, minus $225 employee cost, minus $350 rent, minus $50 , comes to $1375 net profit, before non-rent ongoing expenses, maintenance, and your payments to the Triumverate. Crap numbers, but hey, it's the best I can do on short notice. :) Jim |
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Posted: 9/2/2005 11:51:24 PM EDT
[#15]
some of the lowest profit margins are grocery stores and gas stations
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Posted: 9/2/2005 11:55:05 PM EDT
[#16]
Most gas stations are not going to have anywhere near 800 customers a day, a few will but not most. Most are going to be well less than 50 an hour and then only during peak hours. |
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Posted: 9/2/2005 11:58:45 PM EDT
[#17]
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Posted: 9/3/2005 1:08:36 AM EDT
[#18]
One of our former customers owned a large chain of gas stations. His profit per gallon after all of the BS fees from the gas suppliers was less than 1/10 of that. That's right, 1.5 cents per gallon. Most of the profit they've made in the past 30 years has been from video poker machines. My brother owned two gas stations here in town, and at times he paid about a dime more per gallon than he sold it for. When you don't buy enough gas to cover the overhead of the delivery, you pay more per gallon than the big guys sale it. If it wasn't for people too lazy to pump their own gas who paid more per gallon and gave him tips, he would have been out of business many years earlier.z |
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Posted: 9/3/2005 2:00:28 AM EDT
[#19]
When I worked at the local Chevron in college (1983-1986), the owner was making 5-10 cents a gallon profit. He had pretty light traffic -- about 50,000 gallons a month for unleaded, far less for regular (leaded) and premium unleaded. The real money was made in the shop.
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Posted: 9/3/2005 2:52:49 AM EDT
[#20]
My buddy made $.05 per gallon of gas. Like everyone has pointed out he made money on the stuff he sold inside the store. Also made a few bucks everytime one of his customers hit it big on his lotto machine.
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Posted: 9/3/2005 6:13:53 AM EDT
[#21]
Well I guess that get rich quick idea is blow out of the water
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Posted: 9/3/2005 6:19:49 AM EDT
[#22]
That's it right there folks. and remember, if you use credit or debit card, the owner has to pay a fee to use the card. so essentially he makes only .02 - .03 cents per gallon or less on credit card purchase. Its a flippin gold mine  at the current time, people that claim "Price gouging" are the biggest tools. most stations right now are selling just over their cost of gasoline to keep whiney bitches whining less. |
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Posted: 9/3/2005 6:27:00 AM EDT
[#23]
How does the price per barrel work? The $70 figure is a future price number, isn't it? I hear comments like barrels of oil are selling currently around $45. Is that correct? Is this too simple a breakdown of the process? |
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Posted: 9/3/2005 6:30:47 AM EDT
[#24]
Low margins but high turnover or inventories. If your making 2% on sales and turnover your inventory 10-12 times per year.....voila 24% on your average investment in goods....and probably the same with gas stations. |
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Posted: 9/3/2005 6:32:48 AM EDT
[#25]
The price of a barrel of oil is the same now as it was before the hurricane,yet gas is at least $1.00 more per gallon....
One explanation I heard is this: Most gas stations pay for the fuel they get(10,00 gallons) the next time they get a shipment.So if the station buys 10,00 gallons @ $2.50 and they see the wholesale prices are going up,they have to compensate for the next load by charging more at the pump. Not a businesss venture I would like to explore. |
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Posted: 9/3/2005 6:46:52 AM EDT
[#26]
Heck I filled the tank on my truck Thursday and when I saw the amount I thought I had bought a gas station!
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Posted: 9/3/2005 6:51:22 AM EDT
[#27]
Bull shit. I've seen the prive of gas vary by over a dollar here. Some places almost 2 dollars over what is right around the corner. Remember the $5 gas in Atlanta? |
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Posted: 9/3/2005 6:55:12 AM EDT
[#28]
Alot of the price depends on where they pull the gasoline from. The station i work at pulls its gasoline from one of three places. the price varies at the terminal the truck gets the gas just as it varies from station to station. |
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