With higher prices, the demand for gasoline and its derivatives decreases, and this decreases the profit of gas station owners but increases their spending.
Why do gas station owners have to sell their products at a price 9% above the price they bought the product?
- To round up the gallon purchase prices.
- To support the cost of posts and gas extraction.
- To collect taxes.
Gasoline is a product that has strong price variations, even though oil is a commodity. These variations result in higher expenses for the purchase of gallons of gasoline, higher maintenance costs of gas stations, more expenses in the extraction of oil, and higher taxes. The sum of all this makes gas station owners sell their products 9% more expensive than when they were purchased by them.
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