the annoying thing
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White House declines to clarify Biden's comments imploring gas stations to lower prices
The White House did not address specific questions from Fox News about President Biden's post imploring gas station's to lower prices, pointing to previous speech.
The vast majority of branded stations are owned and operated by independent retailers licensed to represent that brand. According to the National Association of Convenience Stores (NACS), more than 60% of the retail stations in the US are owned by an individual or family that owns a single store.
Generally, the markup (or “margin”) on a gallon of gas is about 15 cents per gallon (gross profit before expenses). Factoring in expenses, which include rent, utilities, freight, labor and credit card fees, a retailer is left with about 2 cents per gallon in profit.
Again Joe speaks and is clueless about what he is talking about. As you can see at most a gas station makes penny's per gallon and Joe the idiot Biden wants then to lower prices when they barely make pennies on a gallon . Guess he expects then to loose money .
It was fine for him to make millions and his brother and his son but the averge American he wants to bend over and take it it till thy hurt. With such a small profit margin as low as 2 cents per gallon how much is joe expecting them to lower prices ?
Do not worry the flunky squad will flip flop what he said for dure . Joes a model ***** and a democrat icon .