Gas prices fall, but retailers’ profits rise

Gas station owners in many parts of the country are buying fuel at some of the lowest prices they’ve seen in a year, yet many are increasing their profit margin instead of passing along all the savings to their customers.

On average, the profit margin on a gallon of gas is 20.7 cents, almost double the historical average.

Read (AP via MSNBC)

I think it’s unreasonable to expect the station owners to pass along all of the decreased costs to the consumer. They aren’t making the huge profits that the oil companies are making, and they need to earn a decent living, too.

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