For years, fuel stations have been putting their forecourt price up the instant there is a hint of global supply cost increases, making a shitload of extra margin on their existing and contracted stocks.
Then when global prices reduce suddenly it takes months for those reductions to filter even partially back to the actual pumps.
Not sure about Europe but in the US most of these gas stations don’t make any money actually selling gas, it’s the convenience store that actually makes them money. Selling snacks, cigarettes, scratch-offs, etc.
Its the same In the EU gas stations don’t really make money selling fuel. They are actually expensive convenience stores that happen to sell fuel. I suspect that is the same all over the world. The guys making bank with fuel are the companies that actually produce it. Maybe states with taxes on fuel. Not the guys delivering it or the guys actually selling it.
To my knowledge that is the doing of the fuel suppliers and not the owners/operators of the fuel stations (who get like a few cents per liter regardless of the cost to the buyers). Edit: might be different in the case described in the OP’s article though.
For years, fuel stations have been putting their forecourt price up the instant there is a hint of global supply cost increases, making a shitload of extra margin on their existing and contracted stocks. Then when global prices reduce suddenly it takes months for those reductions to filter even partially back to the actual pumps.
No sympathy.
Not sure about Europe but in the US most of these gas stations don’t make any money actually selling gas, it’s the convenience store that actually makes them money. Selling snacks, cigarettes, scratch-offs, etc.
Its the same In the EU gas stations don’t really make money selling fuel. They are actually expensive convenience stores that happen to sell fuel. I suspect that is the same all over the world. The guys making bank with fuel are the companies that actually produce it. Maybe states with taxes on fuel. Not the guys delivering it or the guys actually selling it.
To my knowledge that is the doing of the fuel suppliers and not the owners/operators of the fuel stations (who get like a few cents per liter regardless of the cost to the buyers). Edit: might be different in the case described in the OP’s article though.