What is the industry average quick ratio for a gas station business? What would be optimum?
452801
I have worked on underwriting some loans provided to gas stations and typically for a business of $1MM - $3MM, you have:\n\n1/ 17.2% gross profit margin.\n2/ 0.9% operating profit margin.....very tight margins in general in this industry.\n3/Current ratio of +1.8x and quick ratio of +0.7x.\n4/ Debt to net worth ratio of 8.0x or lower....\n5/ Return Of Asset of 5.1x
834758
If you don't need something exact, just take the air off the top of a container of bleach.  At ppb level if you need something exact, you will need to get a compressed gas company to make it for you.
177599
I have a truck. SUV style and 2.50 is too much for it. 20 dollars will only put gas meter at a quarter of a tank with the way they are now.
641301
The gas companies are actually only making around 10% profit on their gas.  This might be slightly above market equilibrium but not much.  Much of the cost goes into taxes and refining.  The bulk is from the increase in the price of crude oil.  The nominal profits are increasing because the oil companies are keeping a fixed profit margin.\n\n10% of 10 is smaller than 10% of 100.  Both have the same margins.\n\nThere's an article here: http://www.npr.org/templates/story/story.php?storyId=5365439\n\nPrice ceiling general info here: http://en.wikipedia.org/wiki/Price_ceiling\n\nYes, it would create a shortage.  We did exactly this in the 70s.  I guess it's up to the individual as to whether it's preferable to have gas lines and slightly cheaper prices or the current situation.  There's no right answer.\n\nIf the ceiling is low, they'll just cut supply or start exporting it.
186473
Compressed gas supply company.
464256
About an 6-8 Hrs on a tank of gas, and the prices anywhere from 4-8 thousand dollars depending on make and model
329145
ALL companies want to maximize profit.  That is the purpose of business.  You can set prices near zero and have an extremely large market of customers or you can set prices ridiculously high and have just a couple of customers (if any).\n\nYou don't want to set prices too low because there is a cost of doing business with each of those zillions of customers.  The lower your price, the higher percentage of each sale gets eaten up just dealing with the customers.  Unless you have an unlimited supply, you also face shortages if your price is too low.  The populace realizes it's a great deal and buys it all up, and you simply run out of product.  This, too, is a drain on your profits.  Prices should be high enough so you minimize your inventory storage, BUT you should NEVER run out.  That means your price is too low and you're losing profits.\n\nIf you set your price too high, only a few people can afford your product and they might not even want it.  If you do make a sale, your cost of dealing with the customer is very low compared to your price, but you might have a huge, expensive warehouse full of stock, or you have 7.5 hours a day that you wanted to have been providing services, or you have huge supplies of oil under the ground which will never be sold.  Because of this, you can't set prices TOO high or you also lose potential profit.\n\nThe big challenge to any company is to find the best price to sell in order to balance all of those factors and maximize profit.  Nobody is likely to get it perfect, but that's the big game in business.  Employees have the very same mindset when it comes to balancing home life with hours worked with wages per hour.\n\nYou wondered what lawmakers are doing.  Here are a few things they are doing.  Some of it increases oil company profits, and some increases government profits.  They all increase the price.\n\n1. They enact environmental legislation to make it impossible or prohibitively expensive to drill or refine oil.  This limits the supply and reduces potential competition from would-be new oil producers.\n\nThe current oil company profits look huge because the profits are concentrated among the few companies in the world.  If fair competition were allowed, the profits would be distributed among more companes and wouldn't look so tremendous, plus the overall profits would not be quite so high because competition tends to push prices down.\n\n2. They tax the heck out of gasoline, directly pushing the price up.  If oil were more elastic, this would reduce the demand and push crude oil prices down, but since it is so "essential" it ends up reducing the demand for other products.\n\n3. They prohibit the purchase of oil from certain countries.\n\n4. They hold huge reserves of oil, removing it from the market supply.\n\n5. Instead of selling federally-owned land to the highest bidder, they TAKE (to put it nicely) oil from wells in the Gulf of Mexico to fill the reserves.  This is to cover "royalties" for drilling on federally-owned land.  When the reserves are full, they charge royalties which increase the cost and price of domestic oil.\n\n6. They build roads and enact legislation making it illegal to drive most alternative types of vehicles on the roads.\n\nI'm sure they are doing more things to increase the price of oil, but that's what I can think of at the moment. :)
521724
call someone, and ask them to buy oil from you. ... once you have the order, call around and try to buy it from someone else. Soon you will realize that demand alone doesn't make a market easy to participate in. The markup is slight...but the volume and the regulations are amazing. Where will you store your gas/oil if you have a one or two day lag between when it gets delivered to you and you deliver it to someone else? Gas and oil cannot just be held in a big box...\nHow will you judge the quality of the product you are getting? Will your costs when buying really be better than a company who buys a million gallons a day from a wholesaler? And, will your buyers pay as much when you are new and delivering smaller amounts??? Some stuff to consider...
586157
Fill your tanks only half full uneless you need to make a long trip.You do not need to stock Bush's & Cheeny's gas on your shelf.This will cost the oil company's $3000,000,000.00 a day and will leave only half the room in the supply tanks To but in new gas.The tankers will be stacked off the coast trying to unload.I remember coffee going to $5.00 a pound in the seventys.People stopped buying and in two weeks the price was down to $1.50 a pound.Lets go Amercians the power is in your purse's and wallets "Let's Roll"
113522
best bet would be to buy an existing one. the big oil companies don't want independent owners anymore so you would have problems starting a name brand station.\n\nenvironmental issues regarding storage tanks, etc. are also a big hurdle in many areas.
439635
There are a few factors that go into the calculation per tenant, but typically it should be in the 8%-12% range.  The lower the percent the less risky.\n\nMany factors will need to be considered depending on what use you are trying to use this ratio for.\n\nLong term NNN properties with a 10yr + lease generally can have a larger initial percentage of sales ration, but the average ratio over the length of the lease should be considered.\n\nAnother factor to consider is profitability.  Some restaurant concepts are more profitable and thus can support a higher ratio.\n\nStrength of tenant/concept is another consideration.  A brand name corporate guaranteed lease can afford a 15% ratio vs a 'mom and pop' which you'd want to see at a lower ratio...\n\nThe list of factors to consider really depends on what you are looking at this figure for.  The lending rates and subject property's value can be affected by such a ratio.\n\nHope this helps.
127058
I would definitly go with GasX and in a pinch, if you have kids you can even take their gas drops, they'll work, too.
112963
I think it is you yourself who is in this situation.  If so, I think you should not go for the minimum, but for a maximum, and ask something reasonable about the average.  As for this question, you are sure to get a very late answer.  So, better go and ask somebody who is already into the same service industry.  He or she will be able to give you a better idea.  Best of Luck...\n\nTip: Use people networking if you don't know know anybody in the profession.
331148
There isn't enough space here to cover this subject. You need to be talking with someone directly. I would try a gas processing contractor in Houston. Look in the yellow pages.
1104810
That depends on the quality of your total station.  Consult the owners guide.
993436
This seems to be the general consensus:\nBecause gas companies are trying to make money. By throwing that extra 9/10ths of a cent on the price it sounds 1 cent cheaper yet it is close to being 1 cent more. Say for instance that gas is $1.00 9/10ths per gallon (which is truly 1.009 per gallon) This is very cheap for gas but it will prove my point. Now if you bought 1 gallon, it would cost you $1. Now if you by 2 gallons you would expect it to cost $2. But it cost $2.02 because the 1.009 and the other 1.009 added give you 2.018 which in money rounds to 2.02 So by doing this the gas company is making two cents. This may sound like a small amount but most people buy more than 2 gallons and the .009s added up to make more cents. So if you bought 20 gallons of \ngas at $1 per gallon it would end up costing $20.21 roughly. For the millions of people buying gas this extra money turns into thousands of dollars. You may ask why not just make it $1.01 per gallon instead of $1.00 but this would make it sound like more money than!it is. It is just like stores charging 9.99 instead of 10.00. Nine \nsounds a lot better than ten and the same applies to gas companies. Its just the \ngas companies sneaky way of making more money.\n\n\nNOTE: despite my source, I don't think this was a stupid question.
639905
Are you looking to be a broker?  Or do you have a truck and trailer available for hire?\n\nNext Question:\n\nDo you want to run locally or over the road?  Do you have a trailer? If so what kind?  \n\nMost over the road companys, Mercer, Decker, Hummer, Systems, England,  etc. pay a percentage of the total load plus fuel surcharge, tarp fee, etc. to Owner Operators.  For example the load pays $1.50 per mile ( you would get a % of this) plus .XX per mile fuel surchage.\n\nI hope this helps a little bit.