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Out of gas: rising gas prices are putting pressure on corporate profit margins, which could lead to economic belt-tightening and the loss of jobs.(ENERGY)
In Milwaukee, service-station owner Jeff Curro no longer sells gas. According to the Milwaukee Journal-Sentinel, Curro, who has been selling gasoline for 20 years, "turned off his pumps at his Shell station in Brookfield when the price he was being asked to pay was just too much." Including taxes, the wholesale price Curro was asked to pay came to $3.44 per gallon recently. With retail prices at $3.47 per gallon, there wasn't enough of a mark-up to justify keeping the pumps turned on. "Three cents a gallon doesn't cut it," he told the Journal-Sentinel. "It doesn't pay the bills."
Curro is not the only victim of high gas prices, nor will he be the last. Fuel is an ...
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Source: HighBeam Research, Out of gas: rising gas prices are putting pressure on corporate...