Gas prices rise, but one station owner profits elsewhere
Drivers are paying more at the pump yet again as gas prices continue to rise in the Capital Region. But who exactly is behind the price jump? Karen Tararache met one gas station owner to find out where his profit really comes from.
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ALBANY, N.Y. -- "I decide that I'm gonna take the train or bus a little more because I don't want to drive as much and burn gas," said Tanya Holt of Yonkers.
But for people who can't use public transportation, they say, "It's expensive, I drive to work so it's hard."
With gas prices not getting any cheaper it has many people wondering, where does their money go?
New York City resident, Charles Jenkins said, "I would hope that the owners of this particular Mobil gas station is raising the prices in coordination with what they are receiving and not price gouging."
So how do stations fairly price their gas?
George Dunbrook told us, "I keep in line with gas prices based on who's up the street and who's down the street, because people remember this."
As the owner of the Mobil station on Lark and Madison for 25 years, he explained, "When the gas comes into the port there's a price that comes out of the port, our gas prices are reflecting gasoline futures now."
Then you factor in what it costs to distribute and deliver the barrels to the station itself and George adds, "By the time we get it we're not making an awful lot between what we pay and what we post."
He said its actually the mini mart and auto service that keeps the employees paid and the business running.
Office Manager, Shana Slater said, "Cigarettes is our main profit maker, the candy and the beverages but for our area we sell a lot of stuff a lot of the time."
So until gas prices start to go down, all drivers can do is stay positive, like Tanya Holt, who said she is "really excited knowing that I'm gonna save some money and save a couple of hundred."