How gas stations make money

How do gas stations actually make money?

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[IsharkOnYT]

can u do how schools make money. I’m actually intrigued to know

[thejimmydanly]

"The bum holding them up" you already mentioned taxes

[Csonwon]

North dakota finally got some attention 💀

[troyezell]

That's why some station owners will not refill their credit card printers at the pumps, it forces people who want receipts to go inside the store.

[dylanlamarre]

I knew this as a kid because my parents were super cheap. So I grew up thinking that everyone knew what I knew and no one would buy snacks and drinks at a gas station. Boy was I wrong: worked at a gas station during college. Most of the customers were actually blue collar people blowing incredible amount of money on treats because they work a physically hard job, or self employed contractors/drivers who are super stressed about running their own business. They just eat gas station food and drinks and tobacco for creature comfort and distraction

[epelly]

This is one of those things that I kinda knew subconsciously but never would’ve realized it until you presented it so succinctly 😂

[jossebrodeur]

Yup, I used to work at a gas station, and this is pretty correct with some exceptions.

The store and gas are seperate entities with a partnership usually. The people who own the store brand partner up with a gas brand and they always connect them. The company I worked for partnered with Shell so all our stores had Shell brand has and pumps. We buy the gas from Shell and then sell it under their name. I worked in the middle of the change from Citgo to Shell, so I can confirm that we also don't have much control over the gas. We're basically a gas distributor.

Most money comes from Lottery, but most days we run a deficit. We honestly don't really make shit off scratch offs. Most money in Lotto comes from the ones we print, and we only profit off them if we're having a day where people aren't cashing out much.

In all honesty most of our profit came from Cigarettes and Cigarillos. That and our deli food.

[HahnJames]

Nice video. It was short, sweet and to the point.

[ADGNETWORK]

I’m a business owner of a gas station and a grocery store and that is completely NOT how that works lmao. Gas contracts can be placed on consignment or if you own your tanks (like me) you can make close to 30¢-35¢ per gallon. Pros and cons to each side.

[xi-Jinping-st]

In the UK all items sold start at 100% more expensive than regular stores and go up to probably 600% especially in texaco

[RaperMcGhee]

As a former owner I can say he’s spot on the gas. Sometimes you lose money on gas. But his other percentages are incorrect. I wish I had made 100% on items in my business

[barricadedpurifier]

Glad this vid was made. Not a lot of people know about franchising or how franchises like various gas stations make their money.

[xerxestheii]

Bro you're seriously underrated! ❤️ By the way you look so much like Jim from American pie 😂

[The_GTAKing]

The “and the bums holding em up” had me dead 💀 😂

[Mikey-ymok]

I talked to my local convenience store and asked them about this, they said they don’t make shit from the gas, the only real profit is their alcohol sales. Which is why most gas stations and convenience stores sell it in the first place

[I_am_Allan]

Oil from Ontario and Alberta as well ... gets shipped to the US. Apparently, it's cheaper to refine there.

[Reczack]

Oh, so it's like a movie theater charging $9 for a movie, then $15 for snacks.

[solveigsgang]

I live in an area where I believe the vast majority of people smoke, when I worked at a certain station-store previously known as Holiday, a majority of the money we made was from Tobacco sales.

[rkwatchauralnautsjediparty]

That’s right folks, the government gets more money from gas than the station or Big Oil.

[colesuqs]

Thank you for posting this, I've had it with people trying to blame whoever the sitting president at the time is for gas prices! He has nothing to do with it!