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Entries in Gas Station Owners (1)

Tuesday
Mar012011

Rising Oil Prices Hurt Drivers and Gas Station Owners Alike

Photo Courtesy - Getty Images(LOS ANGELES) -- The energy department says the average price of a gallon of unleaded regular is now $3.38 -- an increase of 19 cents over last week.  But gas station owners say not to place the blame on them.

One gas station owner, who wished to remain anonymous, told ABC News that the current gas prices are "killing him."  He said that in order for him to stay competitive, he's got to bring prices down.  But the oil companies are shooting them up so fast and he's only making a few pennies off of each gallon of gas sold.

His gas is now selling for $3.85 per gallon for low grade.  High grade is now over four dollars.  But he says that off of that, he might make four cents a gallon at most.

Many drivers are trying to find ways to save money to fill up their tanks.

"Cutting back on going out to eat," said Los Angeles driver Richard Hawkes.  "That's one of the biggest things -- cutting down on food." 

Hawkes, who drives a Chevy Suburban, says current gas prices cause him to pay $90 to fill his tank.

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