Current Events > Fox News believes gas prices are falling too quickly.

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The_X_Dawg
07/16/22 4:28:01 PM
#1:


Is concerned about the struggle of the poor mom and pop stations.

https://www.salon.com/2022/07/12/fox-news-is-now-complaining-that-falling-fuel-prices-are-for-gas-station-owners_partner/
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DespondentDeity
07/16/22 4:28:16 PM
#2:


Deja vu

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The_X_Dawg
07/16/22 4:28:55 PM
#3:


DespondentDeity posted...
Deja vu

Was there already a topic? Did a search and found nothing.
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ExtremeLuchador
07/16/22 4:29:13 PM
#4:


From what I recall gas stations work like movie theaters. 98% of their revenue is from concessions. The oil company keeps nearly all of the fuel sales.

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Nerevar791
07/16/22 4:29:32 PM
#5:


The_X_Dawg posted...
Was there already a topic? Did a search and found nothing.
I made one a few days ago, but it's insane enough that it's worth repeating

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ExtremeLuchador
07/16/22 4:31:14 PM
#6:


There's a reason gas stations try to sell you that car wash or firewood. They're getting a diddly share from fuel sales.

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"It was horrible," guard Jeff McInnis said.
"I took 100 naps and we were still in the air."
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The_X_Dawg
07/16/22 4:32:05 PM
#7:


Nerevar791 posted...
I made one a few days ago, but it's insane enough that it's worth repeating

Fair enough.
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ToadallyAwesome
07/16/22 4:32:52 PM
#8:


ExtremeLuchador posted...
From what I recall gas stations work like movie theaters. 98% of their revenue is from concessions. The oil company keeps nearly all of the fuel sales.

Sure bud. Sure.

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JuanCarlos1
07/16/22 4:33:17 PM
#9:


Lol. When they fell to 2 dollars under Obama they said they were too low as well.

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Sayoria
07/16/22 4:34:34 PM
#10:


Oh shit, this might make people stop bitching about gas prices and actually vote for democrats in the Fall. QUICK, GET TUCKER ON THE TV TO SPIN THIS INTO A CONSPIRACY THAT BIDEN IS USING ABORTED FETUSES AS FOSSIL FUELS!

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Tyranthraxus
07/16/22 5:00:52 PM
#11:


Sayoria posted...
Oh shit, this might make people stop bitching about gas prices and actually vote for democrats in the Fall. QUICK, GET TUCKER ON THE TV TO SPIN THIS INTO A CONSPIRACY THAT BIDEN IS USING ABORTED FETUSES AS FOSSIL FUELS!

If we could actually turn aborted fetuses into refined oil we'd have industrial abortion factories.

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ToadallyAwesome
07/16/22 6:32:34 PM
#12:


Tyranthraxus posted...
If we could actually turn aborted fetuses into refined oil we'd have industrial abortion factories.

It sickens me that you could be right about that. Society is showing that there really isnt a low people will stoop to that will make them money.

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uwnim
07/16/22 6:39:09 PM
#13:


All lower gas prices would do is lower revenue, but at worst, it would be lowering revenue at the same rate it lowers costs so there'd be like no change. In reality, lower fuel prices means people have more money to spend on higher margin items, so lower fuel prices would be good for them.

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Arcanine2009
07/16/22 6:49:57 PM
#14:


This has got to the shittiest take I heard about the gas issue.

Lower gas prices means other things are more more affordable as well. Consumers and business owners.

Business owners raise the price of their stuff because purchasing materials for them has been more expensive and they have to adjust.

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Bishop9800
07/16/22 6:52:53 PM
#15:


ExtremeLuchador posted...
From what I recall gas stations work like movie theaters. 98% of their revenue is from concessions. The oil company keeps nearly all of the fuel sales.


source

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RedRanger
07/16/22 6:54:53 PM
#16:


ExtremeLuchador posted...
From what I recall gas stations work like movie theaters. 98% of their revenue is from concessions. The oil company keeps nearly all of the fuel sales.
Who the hell goes inside a gas station anymore?

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ChopinList
07/16/22 6:56:46 PM
#17:


Damn. Fox News is slipping with their spin. Gas prices falling could be demand falling and a recession.

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_HayleyWilliams
07/16/22 6:57:08 PM
#18:


W-w-what?!

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hockeybub89
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TheHoldSteady
07/16/22 6:58:11 PM
#19:


RedRanger posted...
Who the hell goes inside a gas station anymore?

restrooms? drinks and snacks for the road? I go in gas stations all the time.


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uwnim
07/16/22 6:59:05 PM
#20:


RedRanger posted...
Who the hell goes inside a gas station anymore?
Plenty of people. There's a reason most of them have a convenience store attached.

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archedsoul
07/16/22 6:59:11 PM
#21:


uwnim posted...
All lower gas prices would do is lower revenue, but at worst, it would be lowering revenue at the same rate it lowers costs so there'd be like no change. In reality, lower fuel prices means people have more money to spend on higher margin items, so lower fuel prices would be good for them.
Nah, the issue that the WSJ brought up was that if the price falls too fast, gas stations that are farther out and take longer to get through an order would lose out on the margin as they would have to lower prices to compete even though they paid higher. Adding in increasing cc tx fees would lead to a loss for some.

But yeah, the increased foot traffic inside should help offset that. I don't think Fox itself was bitching or anything. Just pointing out how owners gotta think about that.

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Malcrasternus
07/16/22 7:01:24 PM
#22:


Gas finally fell below 5 dollars here. I get where they're coming from but goddamn 90 bucks for 3/4 of a tank is killing me.

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littlebro07
07/16/22 7:04:20 PM
#23:


RedRanger posted...
Who the hell goes inside a gas station anymore?

the one by my house is always packed whenever I have to go in because my damn receipt with the car wash code didnt print

Im convinced the receipt machines are empty/broken on purpose to get people in the door to spend money on snacks

*tightens tin foil hat*

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Solar_Crimson
07/16/22 7:08:52 PM
#24:


RedRanger posted...
Who the hell goes inside a gas station anymore?
Do you even go outside?

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Ruvan22
07/16/22 7:35:50 PM
#25:


archedsoul posted...
Nah, the issue that the WSJ brought up was that if the price falls too fast, gas stations that are farther out and take longer to get through an order would lose out on the margin as they would have to lower prices to compete even though they paid higher. Adding in increasing cc tx fees would lead to a loss for some.

But yeah, the increased foot traffic inside should help offset that. I don't think Fox itself was bitching or anything. Just pointing out how owners gotta think about that.

Why do you think Fox News thought it was appropriate to spend air time "pointing this out" for it's viewers?
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