National

There's little gain for gas station owners

INDEPENDENCE, Mo. — Raj Singh is serving a customer who stops for gas and a Coke at the Independence Conoco station he manages. The customer asks: What's it like selling some of the cheapest fuel in the country?

He pauses, briefly, before answering.

"Dude, let me show you something," Singh says, shoving a sheet of paper across the counter. Subtracting his wholesale gas costs and 36 cents in state and federal taxes from the pump price, his station makes about 2 cents a gallon.

But that's before any other costs are subtracted. Figure in credit card fees, for example, and the station is losing money on every gallon sold.

Read the full story on KansasCity.com.

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