Mark's Notebook


	Better to remain silent and be thought a fool than to speak out and remove all doubt. - Abraham Lincoln (1809-1865)

Got pump blues? So do gas retailers

San Jose Mercury News, Associated Press

Saturday 16 April 2005, 10:55 pm
Keywords: News Articles

By Brad Foss, Associated Press

It sounds hard to believe, but gasoline retailers' profit margins are at a 20-year low.

The average gross profit margin on gasoline sales fell to 10.46 cents a gallon last year, according to the National Association of Convenience Stores, an Alexandria, Va.-based trade group that represents the interests of gasoline retailers. As a percentage of the average pump price, that's the lowest it has been since 1984.

http://www.mercurynews.com/mld/mercurynews/11411554.htm