Massachusetts gas station owners feel squeezed as US petrol tops $4 a gallon
Updated
Updated · The Boston Globe · May 4
Massachusetts gas station owners feel squeezed as US petrol tops $4 a gallon
13 articles · Updated · The Boston Globe · May 4
Independent operators in Sherborn and Holbrook said margins have shrunk by about five cents a gallon since the Iran War began, leaving some barely breaking even.
Industry group NACS said normal retail profits are only 10 to 15 cents a gallon, while volatile wholesale swings can create 20-cent price differences between neighbouring stations.
Owners said layoffs are unlikely because stores need staff and earn better margins on shop sales, even as Trump comments and the Strait of Hormuz closure keep fuel markets unstable.
Gas prices are soaring, so why are local station owners facing financial ruin instead of record profits?
Can President Trump's 'Project Freedom' secure global oil supply without triggering a wider war in the Strait of Hormuz?