As gas prices stay high, station owners continue to lose profit margins

LOS ANGELES – Gas station owners say they’re often branded as profiteers when prices surge, but with taxes, overhead, credit card processing and other expenses, they’re not raking in the big bucks.

Retailers say they only earn about a 10-cent profit on every gallon of gasoline sold, if they make a profit at all, according to the Association for Convenience & Fuel Retailing, a lobbyist group for fuel retailers.

Today, the average price for a gallon of gas nationwide is more than $4 – which…


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