Many petrol stations are already unviable businesses - if they have to rely on petrol sales (watch the Insight program I linked to earlier in the week).
They make their profit from selling food and other items, or from servicing cars - most of them make a loss on the fuel sale component of the business...
Actually I did, and I suspect the reality is that, yes, some independent retailers are making a loss on petrol sales for some of the price cycle, but I don't believe a petrol station would bother the hassle of maintaining itself as a petrol-selling business if it were truly making no profit at all on selling fuel for any period of time.
I have noticed a couple of local 7-11's rip out their petrol pumps. With petrol becoming more expensive, there could potentially be more viability in small local grocery stores and the like, which might be a logical market to switch into.
Many petrol stations are already unviable businesses - if they have to rely on petrol sales (watch the Insight program I linked to earlier in the week).
They make their profit from selling food and other items, or from servicing cars - most of them make a loss on the fuel sale component of the business...
Actually I did, and I suspect the reality is that, yes, some independent retailers are making a loss on petrol sales for some of the price cycle, but I don't believe a petrol station would bother the hassle of maintaining itself as a petrol-selling business if it were truly making no profit at all on selling fuel for any period of time.
I have noticed a couple of local 7-11's rip out their petrol pumps. With petrol becoming more expensive, there could potentially be more viability in small local grocery stores and the like, which might be a logical market to switch into.