Quote;Exxon Mobil is not alone among Big Oil exiting the retail gas business, a market where profits have gotten tougher as crude oil prices have risen. In fact, industry officials say the major oil companies own fewer than 5 percent of U.S. gas stations.
Gas prices reached a new record at the pump Thursday, rising to a national average of $4.06 a gallon. Still, station owners say they're struggling to turn a profit on gas because while wholesale gasoline prices have risen sharply in recent months, they've been unable to raise pump prices fast enough to keep pace.
Most gasoline retailers long ago got past any illusion they can make money by selling gas. They rely on gas sales to drive traffic to their shops, where they hope auto repairs or food and drink sales will help them turn a profit." End Quote.http://www.sfgate.com/cgi-bin/articl...f133359D69.DTL
Doug
Enjoying the joys of others and suffering with them- these are the best guides for man. A.E.