Gasoline prices are falling almost as fast as they are rising, creating new headaches for mom-and-pop entrepreneurs and other independent operators who run nearly half of American gas stations.
Fuel station owners set the prices consumers see at the pump based on what they initially pay to fill their underground tanks of petrol and diesel. They have to sell that fuel for a similar amount to recoup their investment and manage profit, which can take days or weeks, depending on how quickly they turn over their inventory.
Gas station owners to blame for rising prices, face risk as prices fall
Gasoline prices are falling almost as fast as they are rising, creating new headaches for mom-and-pop entrepreneurs and other independent operators who run nearly half of American gas stations.
Fuel station owners set the prices consumers see at the pump based on what they initially pay to fill their underground tanks of petrol and diesel. They have to sell that fuel for a similar amount to recoup their investment and manage profit, which can take days or weeks, depending on how quickly they turn over their inventory.