Quote:
Originally Posted by Mr. Flopnuts
So those guys who swear they only make a nickel a gallon, are now jumping it up to 50 cents and more?
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Possibly, yes. As has been discussed, the price that you pay at the pump is the retailers' replacement price. They've already paid for what is in their tanks. They're basically looking at the present and what they think will happen with the refiners, and price accordingly. Sometimes they guess right and sometimes they guess wrong. It's not unusual for a retailer to actually sell gasoline for less than they paid for it. In the end, yes, it works out to about 5 to 10 cents per gallon profit. They make their real profit on the other stuff in the store.