> Gas stations make about 10 cents per gallon gross profit
According to 7-11, 39.75 cents per gallon in first half of 2022. Also, while same-store merch sales grew 4.9% y-o-y, gas gallons sold grew 44%. (page 25 of the link)
> 7-11 and Wawa have been serving gas since as long as I can remember.
You must be young, Wawa was not traditionally a gas station. It opened its first store in 1964 and had over 500 by 1992, but the first with gas was in 1996.
7-11's history and relationship with gas is more complex, but most legacy stores were freestanding store only (no gas).
According to 7-11, 39.75 cents per gallon in first half of 2022. Also, while same-store merch sales grew 4.9% y-o-y, gas gallons sold grew 44%. (page 25 of the link)
https://issuu.com/avantimag/docs/avanti_sept_oct_2022_final
> 7-11 and Wawa have been serving gas since as long as I can remember.
You must be young, Wawa was not traditionally a gas station. It opened its first store in 1964 and had over 500 by 1992, but the first with gas was in 1996.
7-11's history and relationship with gas is more complex, but most legacy stores were freestanding store only (no gas).
https://www.burlingtoncountytimes.com/story/business/2014/04...