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You are here: Home / News / Gas retailers in price squeeze too

Gas retailers in price squeeze too

May 28, 2007 By WRN Contributor

Gas prices are getting so high some station owners in the state are shutting down their pumps.

You might think those gas station owners are making a windfall. But that's not the case according to

Bob Bartlett with the Wisconsin Petroleum Marketers and Convenience Store Association. He says retailers are lucky to make three-cents off each gallon of gas.

Bartlett says don't blame the retailers for the high prices, they're getting squeezed too.  He says ninety-five per cent of the retail price is determined before the gas gets to the pump. Determined by big oil's wholesale price, state and federal taxes and 10-cents a gallon credit card fees.

And if they keep selling gas at a loss, Bartlett says more may just stop selling it altogether.

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