Some gas stations victims of high prices

June 2, 2008 5:06:47 AM PDT
A trade association representing gasoline stations in Connecticut says the spike in gasoline prices is shutting down some operations.Michael Fox of the Gasoline and Automotive Service Dealers of America says it's a matter of cash flow for the dealer.

Fox says with prices going up, retailers don't have the money to buy the gas. He says the price of gas for service-station owners has gone up nearly 80 percent in the past few months.

Fox says it used to cost $15,000 to $25,000 to fill a tanker with 9,000 gallons of gas. Today, it costs $30,000 to $40,000.

Fox says retailers earn about 12 cents per gallon of gas before credit card and station expenses.

Links to Information and Resources:

For The Best Prices Locally:

  • www.newyorkgasprices.com
  • www.newjerseygasprices.com
  • www.connecticutgasprices.com

    For The Best Prices Nationwide:
  • www.fuelgaugereport.com
  • www.fuelcostcalculator.com
  • www.gaspricewatch.com
  • www.gasbuddy.com

    Westchester Department of Consumer Protection:
  • Survey of Gasoline Prices

    Government Accountability Office:
  • Guide to Understanding Retail Gas Prices (PDF)

  • Load Comments