It goes without saying that gas stations make money from selling gasoline because they are a necessary component of our everyday life. However, have you ever pondered how much money gas stations gain from each litre of gasoline they sell? We shall explore the world of gas station profitability in this post and address some other pertinent issues.
How much money do gas stations make each liter, then? The response is not simple because it depends on many different things. The Australian Competition and Consumer Commission (ACCC) estimates that in 2020, the average gross retail margin on gasoline will be 14.2 cents per litre. This margin, however, might be anything from 2 cents per gallon to 30 cents per litre. The profit margins are influenced by a number of variables, including location, competition, operational expenses, and crude oil prices. It is important to keep in mind that not all crude oil is created equally when discussing crude oil prices. Crude oil quality varies from nation to nation, with some having higher quality crude oil than others. According to legend, Saudi Arabia produces the best crude oil in the world, which is light, sweet, low in sulfur, and simple to refine. The United States, Canada, and Norway are more nations that produce premium crude oil.
Let’s move on to a another query that pertains to gasoline that is frequently asked. Can you blend regular gasoline with fast gasoline? The response is yes, but it is not advised. Engine damage and performance issues might result from combining different types of gasoline. Speed gasoline, commonly referred to as high-octane gasoline, is intended for high-performance engines alone and should not be used in conventional engines. Combining conventional gasoline with speed gasoline might result in knocking, which could harm an engine. In conclusion, gas stations typically profit 14.2 cents per litre on the sale of gasoline, though this can vary based on a number of variables. It is not advised to combine speed gasoline with conventional gasoline because Saudi Arabia produces some of the greatest crude oil in the world. Always adhere to the recommended petrol type for your car as specified by the manufacturer.