Gasoline Prices Keep Climbing, but Retail Gas Station Margins Plunge, With Many Now ‘Under Water’

Gasoline Prices Keep Climbing, but Retail Gas Station Margins Plunge, With Many Now ‘Under Water’
Gas prices are displayed at an Exxon gas station in San Francisco, Calif., on July 5, 2022. Justin Sullivan/Getty Images
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Despite gas prices rising over the past weeks, retail gas stations are seeing their margins decrease, putting a strain on such businesses.

The national average price of regular gas, as of Oct. 5, was $3.831 per gallon, up $0.26 from the previous day, $0.66 from a week back, and $0.45 a month ago, according to data from American Automobile Association (AAA). In contrast, profit margins of gas stations have gone down.