{"id":5723,"date":"2012-04-06T14:42:26","date_gmt":"2012-04-06T19:42:26","guid":{"rendered":"http:\/\/stateimpact.npr.org\/oklahoma\/?p=5723"},"modified":"2012-04-06T14:42:26","modified_gmt":"2012-04-06T19:42:26","slug":"how-high-gas-prices-hurt-gas-stations","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/oklahoma\/2012\/04\/06\/how-high-gas-prices-hurt-gas-stations\/","title":{"rendered":"How High Gas Prices Hurt Gas Stations"},"content":{"rendered":"<div id=\"attachment_5724\"  class=\"wp-caption module image left\" style=\"max-width: 620px;\"><a href=\"http:\/\/www.flickr.com\/photos\/kansasexplorer3128\/5601498597\/\"><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-5724\" title=\"Glidewell Station\" src=\"http:\/\/stateimpact.npr.org\/oklahoma\/files\/2012\/04\/glidewell-station-620x254.jpg\" alt=\"\" width=\"620\" height=\"254\" \/><\/a><\/p>\n<p class=\"wp-media-credit\">Kansas Explorer 3128 \/ Flickr<\/p>\n<p class=\"wp-caption-text\">Historic photo of the Glidewell Service Station in Beaver, Okla.<\/p>\n<\/div><p>Gas station owners might watch pump prices more than commuters.<\/p><p>It\u2019s not as crazy as it sounds. When prices are high outside convenience stores, sales drop inside.<\/p><p>Basically: Customers are using their money to fill their cars up, not to fuel themselves up with profitable snacks, sodas and heat lamp hot dogs.<\/p><p><!--more--><\/p><p>Gas prices have jumped <a href=\"http:\/\/www.krmg.com\/news\/news\/local\/gas-prices-13-cents-around-tulsa-359-gallon\/nMJhf\/\">13 cents<\/a> in Tulsa, and hometown convenience king QuikTrip is feeling the pinch.<\/p><p>Customers only have so much money to spend, the company\u2019s Mike Thornbrugh <a href=\"http:\/\/publicradiotulsa.com\/post\/gasoline-price-hikes-impact-other-sales\">tells<\/a> Public Radio Tulsa:<\/p>\n<blockquote><p>When prices go up, customers are less likely to buy a candy bar, chips or drink while at the check-out counter.<\/p><\/blockquote><p>Generally, the next gas station is but a short drive away. <a href=\"http:\/\/www.myfoxtwincities.com\/dpps\/money\/pain-at-pump-is-hitting-gas-stations-dpgonc-20120405-fc_19039442\">High gas prices<\/a> breed convenience store competition, and owners are forced to keep their fuel prices and profit margins as low as possible for as long as possible<\/p><p>Another complication: credit cards.<\/p><p>Swiping plastic instead of paying cash shrinks profit <a href=\"http:\/\/www.smartmoney.com\/spend\/rip-offs\/what-gas-stations-wont-tell-you-19750\/\">margins<\/a> even more because credit cards come with heavy processing fees. And post-recession credit card use is <a href=\"http:\/\/abclocal.go.com\/kgo\/story?section=news\/7_on_your_side&id=8583155\">on the rise<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gas station owners might watch pump prices more than commuters.It\u2019s not as crazy as it sounds. When prices are high outside convenience stores, sales drop inside.Basically: Customers are using their money to fill their cars up, not to fuel themselves up with profitable snacks, sodas and heat lamp hot dogs.<\/p>\n","protected":false},"author":36,"featured_media":5724,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[300,15],"tags":[349,289],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/5723"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/comments?post=5723"}],"version-history":[{"count":1,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/5723\/revisions"}],"predecessor-version":[{"id":5730,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/5723\/revisions\/5730"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/media\/5724"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/media?parent=5723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/categories?post=5723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/tags?post=5723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}