ChiComs Praise Biden's Blaming Of High Gas Prices On Gas Station Owners

[easyt65]

Biden tweets demand for gas stations to 'bring down' prices, gets praised by Chinese state media

President Biden is attempting to tell gas companies to "bring down" their gas prices amid Russia's war in Ukraine, and garnered an unlikely source of support.

www.foxbusiness.com

"His tweet ... garnered support from Chinese state media, with Chen Weihua, China Daily EU Bureau Chief, responding that Biden "finally realized that capitalism is all about exploitation."



If you buy the idea gas station owners make their money off of gas sales, congragulations - you're an idiot.

"Station owners make most of their profits in their stores, on sales of food and drinks, as well as alcohol where sales are legal. “The idea is to have a very competitive gas price, and when they go in the store, you can make money off that transaction.”

"Most gas stations barely turn a profit on their core product — and when the price of oil goes up they may even take a loss on it.

Battling small margins, cutthroat competition, and the looming threat of electric vehicles, many gas stations are more reliant than ever on secondary revenue streams."


"Generally, the markup (or “margin”) on a gallon of gas is about 15 cents per gallon (gross profit before expenses). Factoring in expenses, which include rent, utilities, freight, labor and credit card fees, a retailer is left with about 2 cents per gallon in profit."

How Much Money Do Businesses Make on Fuel Purchases? - West Virginia Oil Marketers and Grocers Association

Representing petroleum marketers, independent grocers and convenience stores all across West Virginia.

www.omegawv.com

https://www.google.com/amp/s/thehustle.co/why-most-gas-stations-dont-make-money-from-selling-gas/

Joe is talking out of his ass again, blaming everyone and everything for his f*-ups, and making his ChiCom masters proud.

 

[ColonelAngus]

Most lefties are just dumb as a shit when it comes to anything related to finance or economics.

Just look at California.

 

[easyt65]

Bezos is right - Biden is ignorant of basic economics and knows even less about gas station operations...

 

[easyt65]

After saying something so stupid and so easily debunked, how can anyone continue to defend Finger-Pointing, Blame-Shifting Joe 'The Buck Stops Here' Biden?!

 

[dudmuck]

After saying something so stupid and so easily debunked, how can anyone continue to defend Finger-Pointing, Blame-Shifting Joe 'The Buck Stops Here' Biden?!

 

[Devils_Advocate]

If anyone has worked at a Gas Station and seen the profit margin on gas for the Station owner they would know the Station owner make little profit on gasoline…

Your profit is on Soda or Fountain Drinks, Coffee and in-store products…

 

[iamwhatiseem]

It is becoming more apparent that Biden's mental degradation is to the point he is honestly losing grip on what is real and what isn't. And this man is in charge of our country.
No way, no how Joe Biden before significant mental decline didn't know that gas station owners make almost nothing off of gasoline. The national average is a net profit of 2 cents per gallon.
Joe Biden has known this for 30 years plus. And now he doesn't??
No. He literally doesn't know reality anymore.

 

[easyt65]

Biden should educate himself on economics and how gas dtations operate before attempting to blame them fir his failures...

...and you should stick with things you're smartest at - cartoons.

 

[Ringo]

Since the beginning of last year, gas in Europe has risen by 700%, writes Bloomberg. "This pushes the continent to the brink of recession," the agency notes.
The price of Europe being a USA hostage...

 

[pknopp]

I bought gas in Cambridge Ohio Friday for $4.41 a gallon. In Marietta Ohio it's $4.89. Roughly 50 miles difference. I'd say the stations in Marietta are making pretty good money.

 

[iamwhatiseem]

I bought gas in Cambridge Ohio Friday for $4.41 a gallon. In Marietta Ohio it's $4.89. Roughly 50 miles difference. I'd say the stations in Marietta are making pretty good money.

Not familiar with the area, but there are certainly factors involved in that.
Despite what people who have never ran a business might think, the cost of doing business can be very different comparing one location to the next.
Obviously there is the cost of the land lease, and/or building leases. Wages may be different from location to location, even though only 50 miles apart. And then - yes - of course some stations will charge more because they can. And why shouldn't they? If a station is in a high convenience location in a good area - why would they charge the same as a station off the beaten path in a poorer neighborhood?

 

[pknopp]

Not familiar with the area, but there are certainly factors involved in that.
Despite what people who have never ran a business might think, the cost of doing business can be very different comparing one location to the next.
Obviously there is the cost of the land lease, and/or building leases. Wages may be different from location to location, even though only 50 miles apart. And then - yes - of course some stations will charge more because they can. And why shouldn't they? If a station is in a high convenience location in a good area - why would they charge the same as a station off the beaten path in a poorer neighborhood?

If you believe they can because they can, argue that, not that they aren't making good money off their product.

 

[Muhammed]

I paid over $50 for gas.

To fill up my fucking lawnmower.

Let's Go Brandon!

Democrats are corrupt scum.