Around here, doesn't matter if a new tanker arrives or not.
None of the gas stations own the gas.
They ALL sell it on consignment.
The prices are set by distributors who own it. They're the ones who call the station and tell them what price to sell it for today.
The store contracts give them a fixed cents-per-gallon commission that's designed to cover the variable cost of sales (such as credit card fees) and leave them about 8 to 10 cents a gallon in gross profit (from which rent, overhead, employees, income and property taxes, etc had to come out of.)
The first run up in gas prices was hurting a lot of them because there commission are based on fixed cents per gallon, but higher gas prices meant the credit card fees which are assessed proportional to the amount of the sale doubled...cutting deep into that 10 cent profit they were aiming for. So for awhile their commission contracts and their variable expenses were out of alignment.
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Today's Featured Article - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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