Gas Station Owners Profit Less With Rising Gas Prices

Skyrocketing gas prices may be putting you in a money crunch.

But did you know gas stations say they feel the pain at the pump too?

According to the US Energy Information Administration, the store where you pump your gas only makes about one percent per fill up.

A spokesman with the national association of convenience stores says with rising gas prices, some stores are now losing money. “Consumers are incredibly price sensitive. In studies we find about 25% of customers will do a 20-minute round-trip to go out of their way to save three cents a gallon. They're probably saving about 40 cents on a fill-up, probably costing them about $2.30 in gas,” explains Jeff Lenard.

Experts says many convenience stores make their profits from the sale of in store items, like coffee and candy bars.

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