Printing will continue to drive up oil and other commodities. This IS what happens with loose money policy. Unfortunately neither party has the balls to do what is necessary to save America. Go long anything to do with energy as long as they are printing and China/India are growing.
people still have to eat, print or no print. and trucks haul a majority of what people eat in the U.S. TA has learned to maintain their gross fuel margins much better in the last 1-2 years and that makes all the difference. So long as TA maintains the right gross margin on fuel they will make money. ps only down side is if fuel goes up too much and slows economy drastically and it could also tie up more working capital (ties up more cash flow with fuel payments to TA vendors for example).
The fact is that as the price "move higher" the fuel margin does get affected negatively...however during past couple of Qs they have been maintaining about 15 cents/gallon margin. IMO, for Q1 and going forward we might see 13-14 cents/gallon on the margin. But remember that TA make 75% of it profit from Non-fuel sales and they are usually stable on the margin around 56-57%. The only thing that will hurt TA if the economy take a nose dive....as long as the economy chugs along at this rate or get better TA will continue to outperform.