How Do Gas Stations (actually) Make Money?

President Biden recently blamed the gas stations for playing a role in higher has prices, which peaked my curiosity. I quickly realized that I was pretty ignorant in regards to how gas stations work and make money from the business point of view. I try my best not to be a puppet and blindly follow people’s claims, so I decided to do a bit of research and learning into how gas stations make money. I’ve always been one of these people who drive by a gas station and think, “Dang! I should try to open a gas station, they are raking in that cash!”. I can now officially say my viewpoint was totally ignorant. Gas stations are a very bizarre business entity when you dig into the numbers and see how they all break down. I wanted to share with you what I learned. If you are like me, and prefer to not blindly follow, then give this video a watch and do some additional research! Don’t blindly follow me either, but I hope this video gets you off to a good start in learning more about this topic if you find interest in it. Personally, after learning how ignorant I was towards it, I hope you do decide to learn a bit more as it is highly relevant in today’s environment of high inflation and gas stations. There is a whole lot of blame being thrown around as I’m sure you know. With all that being said, is it the gas stations who are at fault for these higher gasoline prices? Could they significantly reduce the prices at the pump if they chose? Let’s do some learning…