Of the 116,641 convenience stores selling fuel in the U.S., slightly more than half are independently run. Those mom-and-pop operations are just as stressed about high gas prices as you are.
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Fuel station owners set their prices based on what they initially paid to fill their underground tanks of gasoline and diesel. Then, they have to sell that fuel at a corresponding amount that recoups their investments and manage profits.Of the 116,641 convenience stores selling fuel in the U.S., slightly more than half are independently operated. Those owners typically make small margins on fuel itself, earning more from items such as cigarettes and coffee.
“We really want to have and market a really aggressive price on the street,” said Lonnie McQuirter, the owner of 36 Lyn Refuel Station in Minneapolis.
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