Exxon mobile closes over 2000 gas stations nation wide, they say they just are not profitable enough.
Most gas stations don’t make their money on gas, they make it on sales from food, drinks and incidentals.
Most make only pennies or break even after the cost of gas and cost of compliance with local,state and federal regulations. As fast as the cost is rising they probably don’t have the funds to make new purchases to replace the gas. They also have to pay a fee of about 3% when gas is purchased with a credit card, so they end up upside down.
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Well, in the state where I live, several of the stations closed. The probable reason was that their prices over the past 5-8 years were always higher than the other brands stations. The other stations were always busy at the pumps but the Exxon- Mobile pumps hardly ever had any business.