gas stations

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Station Owners Want Help, Price Cut From BP

Hit by boycott, business down 10% to 40%

(Newser) - Tension is mounting between BP and the neighborhood retailers that man the gas pumps. As more Americans shun BP gasoline as a form of protest over the Gulf oil spill, station owners from Georgia to Illinois say sales have declined 10% to 40%. They want BP do more to explain...

Protesters Descend on BP Stations

Anger at Gulf spill sparks boycotts

(Newser) - Public anger at BP's failure to stop the Gulf leak has spilled over into boycotts and protests at BP gas stations around America and the world. Station managers say protests and boycotts haven't dampened sales. "People don't care," a clerk at one Florida station tells the New York ...

Oil Industry Squeezed as US Demand Tanks

(Newser) - Big oil execs, analysts, and government sources say a century-old American tradition is waning: after years of increasing oil consumption, US guzzling has peaked, they believe. Last year, demand plunged 7.1% for gas, diesel, and jet fuel—the biggest drop since 1950, when dependable records began. And major changes...

Southeastern Gas Shortage Wreaks Havoc

Lines reach 60 cars after hurricanes disrupt supplies

(Newser) - Gas is in short supply throughout the Southeast this week after oil production was hit hard by hurricanes Gustav and Ike, the Washington Post reports. Some didn’t make it to work as gas station lines grew to 60 cars long; half the stations in Atlanta were closed. “I...

Obama Takes Campaign to Gas Pumps

Spot to air at Florida filling stations links McCain to high prices

(Newser) - Barack Obama's campaign will run an energy-themed ad on TVs on Florida gas pumps starting today, the Palm Beach Post reports. The commercial highlights alternative-energy research and tax cuts as parts of Obama's plan to "break the grip of foreign oil," while presenting John McCain as more of...

High Prices Pound Gas Stations
 High Prices Pound Gas Stations 
Jul 7, 2008 6:22 PM CDT

High Prices Pound Gas Stations

Squeezed margins drive many out of business

(Newser) - Angry at gas stations for profiting on your financial misery? Think again, the Wall Street Journal reports: They're fast going out of business as oil prices rise. This year's 40% price hike has sent costs soaring, shuttering 3,000 US stations and causing Exxon Mobile to announce the sale of...

Exxon to Sell US Gas Stations
 Exxon to Sell US Gas Stations 
Jun 13, 2008 4:48 AM CDT

Exxon to Sell US Gas Stations

But private distributors will continue to use the company's name, products

(Newser) - Exxon Mobil is getting out of the retail gasoline business, following other major oil companies who've been selling their low-margin stations to gasoline distributors. The world's biggest publicly traded oil company plans to sell to distributors its remaining 820 company-owned stations and another 1,400 outlets operated by dealers. The...

Gas Rising, Station Owners Barrel Toward Bankruptcy

Fuel hits $4.41 a gallon in Los Angeles, and retailers aren't seeing the profit

(Newser) - Stiff fuel prices are not pouring cash into the pockets of California gas station owners—instead, they're driving them into bankruptcy. Credit card fees, tanker-load costs, and other rapidly increasing expenses are putting the crunch on retailers, reports the Los Angeles Times.

As Gas Spikes, Profit Scarce for Station Owners

Oil giants like Exxon hike prices, raise rents, covet every penny

(Newser) - Feeling sorry for gas station owners might be more than the average consumer can muster these days, but, reports the Washington Post, the emotion might not be misguided. Oil giants like Exxon cut owners' profit margins and raise rents, while micromanaging details down to which shelf franchisees place soda on....

Old-School Pumps Can't Register New Gas Prices

Mechanical dials can't register prices over $4

(Newser) - With gas at nearly $4 a gallon, thousands of American gas station owners foresee trouble—because their old-time pumps can't price gas at higher than $3.99. "In small towns, where you don't have the volume, there's no way you can afford to pay for the replacements for these...

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