I believe you might be comparing Apples to Oranges.
The 35 cents per gallon quoted in the ad is gross profit (and that is higher than the independent gas stations in the area by about 5-7 cents per gallon).
The 4 cents per gallon figure quoted in your first paragraph has to be net profit meaning after wages, rents, utilities, insurance etc.
This was a good researched article better than any I have seen before on local gas prices.
I can vouch that everything Gupreet said is 100% correct with not an exaggeration or fudge in his facts.
One thing should be clarified though. When Gupreet said his profit was only 25 cents on the dollar he was talking GROSS profit and not net profit.
In other words he was deducting the cost of the gasoline only. His net profit is even worse when you deduct the cost of payroll, rent, utitilities, insurance, licenses and so on.
The problem with high gas prices locally are not caused by the independent gas stations. Whether it is caused by the local wholesalers or Chevron we don't know. For you see none of them are talking.
Gary Winuk, the FPPC Chief of Enforcement, put it succinctly. Fines are not enforced as long as it was not intentional and just an oversight.
Much to do over nothing here. The campaign volunteers have been overwhelmed by the number of enthusiastic donors. At last count we are over 800 people.
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In Print This Week:
Jul 21, 2016
vol XXVII issue 29
The North Coast Journal Weekly
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