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United States Oil ETF Message Board

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  • calcutta_jim calcutta_jim Sep 11, 2008 11:59 AM Flag

    Someone please explain WHY I AM STILL PAYING $3.78 per gallon?

    Gasoline will have to come down. Convenience store operators will go out of business if it doesn't. C Stores survive on inside sales, not thin margin gasoline. Store operators have been complaining for months about how bad their inside sales suck after the run-up in the price of gasoline results in customers stretching their gas purchases further and not visiting the store as much.

    Privately owned gasoline retailers way outnumber Big Oil owned stores. Big oil and their distributors must get the price back down or they won't have any place to sell it to the retail public if these stores go tits up.

 
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