Who Owns America’s Gas Stations?

[@xali2008]

I am not even American and still watch a lot of these CNBC reports. good content, also the voice of the narrator is so calm.

[@ammosingh8181]

Canada here

[@jameshenry6855]

Same here, watching from Europe. We've a slightly different model here. Similar but different. Convenience stores are less junk food and more bread, milk, etc, here. Kind of like the way the video says American stores are going

[@shimeih2287]

China here

[@adelekeakinlabi4408]

Nigeria here

[@trashgamer0510]

Denmark here

[@LuckyBaldwin777]

The sad part of all this is the loss of gas/service stations. 40 years ago that's where a bunch of young guys, including me, got their starts as mechanics. You worked there for 5 years, gained a bunch of experience, learned a lot from the older mechanics and then moved on to a higher paying job and a new high school grad took your place. Now young guys that want to be mechanics have to go to 'college' and somehow pay for it while earning no money. So most borrow the money and come out to an entry level paycheck with a mountain of debt to pay off. No wonder auto mechanics is now a dying trade and cars have become disposable instead of repairable.

[@hasanharras3499]

That's the truth

[@Howard3S]

I was a kid, pumped gas and washed windshields, offered to checked oil. Gave out S&H Greenstamps for gas purchases. Gave out silverware too. After the 1973 arab oil embargo...gone. IN the 50's gas station attendants wore a hat, uniform shirt and bow tie, LOL. NO one is moving so excess supply, prices come down, thats Us competition and free market taking care of things.

[@dantatadangote4700]

Strong Boomer energy emanating here.

[@fwingebritson]

@@judgeparker2767 Nearly every trade has gone that route. Always a new gadget or technology that is supposed to enhance the bottom line and it takes a 6 week course to learn to use it. Or they just hand it to ya like you already mastered it.

[@rbezo1027]

Well said

[@tylerandrews1489]

You missed the bathrooms! As customers become more disease and environment conscious, they decide where to stop based on the bathroom quality. That’s how Buc-ee’s does so well. Their bathrooms are 30-40% of their store, and they’re immaculate.

[@raylopez99]

Bathroom in developing countries is also immaculate, it's the nearest tree. And gasoline is dyed red or green and is found in Coke bottles, true!

[@Cowboys4life123]

I agree buc-ees has done so well by creating itself as a destination. I think it’s crazy that I have driven 45min to an hour just to go to a gas station. It’s a destination in itself

In my area it's middle eastern or Indians.

[@agrippa4813]

NY? NJ?

[@carlojones8610]

Conspiracy 🤣😂🤪🦠👋🐍

[@hnys7976]

Honestly I cant remember ever going to a local store where I'm from where the clerks are not Pakistani, Indian or arab.

[@newdogatplay]

No pay taxes

[@CLM1297]

That's changing.... corporations are building big clean gas stations right next to theirs here in Houston

[@AwesomeDwarves]

I wonder if Tesla Cafes will start popping up next to Supercharging stations that aim to sell you food, drink, and provide free Wi-Fi while you wait.

[@ankhenaten2]

Massages of 30 minutes so you come out stress free and have a full battery

[@Lazy2332]

Once battery technology gets better, yes.

[@incognitotorpedo42]

@@Lazy2332 Why does it have to get better? If it gets much better, no one will ever supercharge because charging at home or destinations will be enough for everything.

[@Prodigious1One]

I think that there are some in California.

[@Rezin_8]

🙌

[@mantiscity]

My family owned the first self server gas station in Florida. It was a nightmare, because there was no cut off. Everyone would go over and not pay. Then no one knew how to pump, so we still had to do it for them.

[@coryanntopanga]

The other night after learning that all of my UT classes will be moved online, l had no good reason to go to bed. So with nothing but time and the ID Channel on mute, I laid in bed wondering why I keep seeing the same folks at the gas station and are they the only ones allowed to own one. Then I said I think I want one. Is there a club I'll have to join? Will it be like trying to join a mafia of some sort just to own one? Do I really want one if I CAN own one? And then... CNBC posts this as if from the heavens. Thank you CNBC. You have answered my question. I don't want one.

[@Peewat99]

Go Utes ❤️

[@tseringjangbulama8230]

Nepalese who wants to open a gas station do make a trip to Texas and consult with the former successful nepalese gas owner residing in Texas...if you do want to open one, seeking advice from any owners will give you a better idea than the media...News don't always give you a clear picture, its like hearing rumors, its always better to get idea on your own in person. I hear people are moving out of California, san Francisco, los Angeles to Texas. You better make a move before somebody does. I'm a Sherpa from Nepal btw. I've taken few texans on a trek to my village and sight seeing around the kathmandu (capital) here. Loved trekking with them. Cool people.

[@coryanntopanga]

@@tseringjangbulama8230 Nah I don't think I want one. I'm gonna stick with what I'm in school for. I'm going into a field that I have a passion for so that I can be happy and help others. I don't think owning a gas station is gonna be for me. 😂 But you definitely gave some awesome advice for anyone interested in doing that! 🤗

[@camerontaylor7471]

TJ Lama lmao! Yes there is a bunch of people moving to Texas... and that’s a good thing for the Texas state and even better for the California lower middle class millennials like me! 😜 ... I’ll explain, if a mass population moves over a couple of years, then eventually the cost of living will go down! So I can finally afford rent! Aha

[@dal8963]

@@camerontaylor7471 it's not good for the Texan millinals who a year ago could have bought a house, 3 times their yearly income and now that same house is 6 times their yearly income making home ownership in Texas something young Texans can nolonger have. So sell your dump in cali and buy a dream home here... dont expect anything else but what you left as it's the Californians who ruined cali and refused to fix it. TEXANS welcome most but we really would prefer the Californians just come to visit and return home with their bad politics and worse PC culture.

[@NinoNlkkl]

In California, Gas stations make a couple of cents per gallon sold, while the state's profit is near $2 in taxes.

[@jessicawinkler5557]

$0.7918 per gallon as of 2020 which is the highest in the nation.

[@zerione9681]

Please don't complain in the Netherlands we pay $1.10 a liter / $4,15 a US Gallon in tax. Total price $7,10 a US Gallon

[@NinoNlkkl]

@@zerione9681 Holy crap!! No wonder EU wants Ev transition fast.

[@weswest8666]

CA has the mystery markup as well

[@-Rishikesh]

@@zerione9681 ha ha, in INDIA we pay 52% of fuel price as tax only

[@happydays8171]

I've been delivering gas to convenience stores for 22 years. The successful multi station owners have one store in an outstanding location that constantly brings in high fuel sales and they're able to expand from there.

[@louismontoya7437]

I haul fuel for a living. If stores relied on gas to make money they would be out of business. Stores rely on you to go inside and buy marked up fountain drinks and snacks.

[@lidiarivera1836]

Sylvanus Freelove Bowser is a pretty cool name

[@Pro1er]

As long as you don't mind getting beat up in school a lot. 😋

[@Rach09_]

😂😂😂🤦🏻‍♂️ i guess he s dutch or german hhh

[@Xaiando]

2 games in one name

[@dumpygoodness4086]

my grandmother's name was FABIOLA CADIEUX!! ("Ka-doo") in Massachusetts! (Gee, i wonder how anyone could've used her last name to pick on her!) I knew a gal named FERZANA FAZAL --- great name! (She was hot too!)

[@stevenhowe432]

I agree. There are too many Joes, Bobs, Mikes, Johns and Toms, etc....

[@MickeyMouse-ul8zl]

I kinda thought they might actually tell us "who" owns the gas stations.

[@toddbrown7142]

Come to Kentucky..still local people owning and working... Lived in NY all turks

[@lordfnord5768]

At 3:02..

[@pd9605]

Right its CNBC you know MSNBC, CNN the six monopolies who control 90% of our cross media for the purpose of political propaganda aka NOT NEWS. They can't tell you the truth & who own it or they will be fired. They have to walk a fine line NOW that the public has become aware of their FAKE NEWS and they are trying to get them back with REAL NEWS. The problem is they cannot report REAL NEWS which is non-partisan fact or they will be spanked by the owners who want everything pro-left and neg-right. Now we see a new movement of less obvious political headlines but also stories void of journalistic facts, since they cannot report the specifics without angering those that own and control these media monsters.

[@wilburash8315]

That's why I was reading the comments, to see if I was the only idiot that missed it!

[@tapsulinka]

Russian Lukoil is owning gas station chain in the USA. Circle K is Canadian own

[@AntonioCostaRealEstate]

According to an owner operator of a Citgo , who used to double as a family owned and operated repair garage, there isn’t much money on gas sales. About $100-200k of your working capital is tied on an escrow deposit ( that is a 1995 figure, mind you ) to ensure the fuel delivery truck makes its scheduled refills. The money is inside the store, as far as gross margins are concerned. If you had to pay help to pump gas, you would operate at loss on the gas pumps. Lottery tickets, hot beverages , soft drinks , chips, and other items is where the money is made. The bigger the store floor and the better the location is ( accessibility, traffic , and visibility ) , the more the store will gross in sales. Is that simple. And then there are the add ones with car wash, drugstore , coffee shop, quick lube. If you don’t have the land and location, you ain’t making.

[@karpediem214]

Antonio Costa I worked for QuikTrip between high school and college, the profit margins were astonishing inside the store, the company had a 10 year plan it was implementing right when I resigned, I saw the transformation as the years passed, it was interesting to see their evolution from the outside looking in, from hot dogs on a rolling grill to QT kitchens menu, ppl straight go there for dinner carryout crazy...oh yeah way before the FEDS changed the minimum wage to $7.25, QT hired me at 16 making $7.50 about two decades ago, I thought I was ballin' in high school, I paid my parents $200 a month rent, had 2 vehicles & paid the car insurance (at 16 expensive as FG@$$)... anyways, there's money to be made in the store, you need credit, capital, connections in city hall, & clear a course of action with contingencies

[@TacticsTechniquesandProcedures]

This is exactly why quick trip's model is convenience store focused.

[@jap2k5]

Good info. Now when you own one now you have to have at least three Franchise is connected to your store like McDonald’s, Chipotle, and maybe a Starbucks.Just having a store to pick up snacks doesn’t cut it anymore.

[@AntonioCostaRealEstate]

I’ve moved to Brazil since 2013 , after 28 continuous years in the US. The C-Store trend caught fire here as well. Within a quarter mile radius of my residence , on the same strip , there are three Shell Gas Stations , two other gas stations ( one domestic branded , other from a Spanish oil company ) , three drugstores , three supermarkets, a bakery , and a myriad of smaller retailers ( two butchers , a stationary store, three cleaning supplies and disposable items stores , a bunch of restaurants ). Anyways, one of the Shell stations has enough real estate to pack... a C-Store with a coffee and snack bar, which by the way also sells beer and hard liquor , a lube bay, a car wash in the back, and it subleases store fronts to a French franchised dry cleaners (5 a Sec ) , a Venetian blind store , a cell phone accessory store , and some Arab Dude selling pastry turnovers. I found out the owners have about a dozen of such places everywhere. The odd thing , all gas stations here have people to pump gas. Every now and then, gas station owners get caught in tampering with fuel ( volume metering, tainted fuel ) , they get the whole station padlocked. Reopening them takes months , fines , lost revenue. Yet most of them can’t bring themselves to get rid of pumping attendants and automate the pumps. Then I realized many if such places get busted has to do with mismanagement, a lot of these places were bought as part of money laundering by organized crime. And these goons do not have the will , nor the competence to manage a tight ship. True, C-Stores can be cash cows ( ask your local Indian or Arab operator ) , only if managed properly.

[@vshah1010]

Citgo owns their locations. The gas margin is low, typically about 6.5c.

[@benslor2258]

One thing they forgot to mention is the power of the credit/debt card. Back in the day everyone who wanted gas had to go inside to pay cash and then have impulse to buy but now with credit cards and debit cards people just fill up gas and never go inside the store

[@NicholasNormile]

Statistically more and more people are going to gas stations just for the convenience store aspect.

[@viralvidsclips964]

as a teen I don't watch news but i like watching this and I enjoy it

[@TheSmurfboard]

Teen watches news, details at 11

[@Ward413]

You should try the news magazine shows like 60 Minutes. They have interesting stories every now and then.

[@viralvidsclips964]

@@Ward413 thx

[@deborahwesselman845]

Friendly suggestion. Start watching news. If you must watch mainstream media please balance it with reputatuve

[@deborahwesselman845]

Sorry hit wrong key. To continue please watch reputation sources as well. Recommend Epoch Times. Your the one who will live in this changing world for years and of course your children etc.

[@jamestate858]

I'm from Australia and we have experienced this. Nowadays almost all of our petrol stations are owned by a few select corporations and it sucks. Because of the lack of competition, there is no incentive for one station to lower price. This means that all the stations decide on a set oil price and the customers pay up. The best example of this price-fixing was in march 2020 when oil prices plummeted. Petrol stations pulled in their biggest profits in a decade and it took weeks before the oil savings began tricking down to consumers. Protect your local gas stations while you still have them

[@abhishekgorana372]

We have petrol pump which are owned by locals all over the country but price is fixed for all petrol pump on daily basis by oil companies

[@simonhadley8829]

5:34 Damn lady! I hope you plan on buying that bread!

[@Thegoatt84]

She had me in stitches with how she fondled that loaf.

[@jameslowry3208]

@@Thegoatt84 that wasnt fondling, how about molesting, lol

[@sallianz11]

Simon Hadley 8:30 no she ain’t

[@TA-vr5fp]

Simon Hadley 😂😂😂💯

[@markshellard]

Heartbreaking to see.

[@TusseTube]

You still didn't answer the questions. Who owns America's Gas stations???

[@stevehoneycutt1980]

Same poeple that Supply our US government with money

[@jbbuzzable]

I agree that the question was not adequately answered. A more appropriate title could have been something like, " Who will Succeed in the the Convenience Store of the Future?"

[@dowskivisionmagicaloracle8593]

Clickbait. Where's the story about a shadowy cabal of ninja alligator oil magnates secretly pulling the strings behind the pumps.

[@greg925911]

More corporations they own everything one way or another To many middle men that drive up cost of everything

[@kranthikiran4195]

Majority of single stores are owned by Indian or south asian decedents.

[@rogerwilco2]

I have visited the USA regularly over the past 3 decades. I have seen the number of independently owned stores decrease dramatically all across the country. It is a stark difference with here in Europe. I think a large contribution is from how car-centric the USA is.

[@joppe1392]

1:06 maaannn, that's a very crowded Windows desktop

[@coryanntopanga]

😂😂😂 That would drive me bonkers!

[@Pro1er]

I probably have three times that many icons on my desktop. You don't know how bad I wish I could swipe my screen to see them.

[@howtobebasic2122]

clean out that Desktop my god!!

[@caturdaynite7217]

Half of my customers. OK, you so after I reload your OS you want all these icons in the same place they are now. Right, that's gonna happen.

[@TacticsTechniquesandProcedures]

"Add a desktop icon" Yes

[@sergiveramartinez2685]

Literally I'm hooked on these videos. Good content CNBC!

[@jorgebarradasgonzalez4087]

Sergi Vera Martínez mee too! Love the content

[@dowskivisionmagicaloracle8593]

Clickbait. Where's the story about a shadowy cabal of ninja alligator oil magnates secretly pulling the strings behind the pumps.

[@yeayouknowitsme4523]

Bud I suggest finding a new news outlet to watch....

[@sr.c9584]

Supercalifragilisticexpialidocious Rod like what?

[@quietcorner293]

Who needs crack nowadays? OMG we have crack dealers going out of business and no one is talking about them.

[@charlesdarwin4780]

"Thank you, come again!"

[@Triumphant712]

Please define "fresh" food at a gas station?

[@Dwmckay]

Mike EL gas station sushi lol nothing is fresh in a gas station

[@dinohermann1887]

German gas stations! Some of them are pretty decent! Others not so much! I don't know about America!

[@Shorty15c4007]

WAWA sandwich. Yum.

[@lscruz22]

European and Japanese gas stations!

[@cortransport]

Fried.

[@JerryDLTN]

The gas station nearest my house is an Exxon TigerMart. The TigerMart Convience store is franchised from 7-Eleven by a franchisee and the gas from the pumps aren't from Exxon but from a local family owned refinery/distributor

[@gibsorya]

Great content, but I wish that the video looked into Buccee's when the video started talking about keeping customers at the stores longer. Their stores are always busy, averaging about a few hundred customers at one time throughout the day, while at the same time being able to provide excellent customer service and great food.

[@dannydaw59]

I notice that the gas at Costco and Sam's club is always at least 15 cents cheaper than the next cheapest retail gas station. I said to one of these small gas station owners one day "Why do you sell gas for so much higher?" He showed me an invoice and it showed he was selling the gas for 5 cents more per gallon than he was buying it from the oil company for. The oil companies have leverage on these locally owned gas stations.

[@louismontoya7437]

I drive gas trucks and deliver to Costco. I’m not saying they make no money but the money they make is bringing you into the store and paying your membership

[@user-ov2fc5sd1e]

In my country gas stations are owned by 3 corporations only. 2 private and one governmental. And, we don't pump ourselves, most people never have. There are dedicated workers for this job.

[@icetrip2417]

Where do you stay it's the same in Zimbabwe

[@daviddrivez9978]

Here in LA we ha gas station restaurant called the Bombay Frankie company. They make these amazing Indian burritos they call Frankies. The frankies are filled with chicken tika masala and naan wrapping. It’s a really cool place, Great Big Story Jade a vídeo on them.

[@mahadaalvi]

Title: *Who Owns America’s Gas Stations?* Me: *Laughs Nervously in Arabic* 😅

[@Fan_Made_Videos]

Does that mean motel owners giggle nervously in Hindi?

[@willie.j4098]

Mahad Alvi You’re not gonna get any more stupid than this

[@mahadaalvi]

Ahmad Reshad I mean... I could be you so you’re wrong

[@jacob9673]

Nplos Le I disagree, but we’re all entitled to our own opinions.

[@gewargisgeorgios8186]

@Nplos Le Last I heard, Muhammad(PBUH) is a child molester.

[@stephen9609]

I find it interesting you call them "convenience stores" - where I'm from a convenience store is another word for a corner store / NYC bodega. Our gas stations are simply "gas stations" and some of them have limited snacks, while others have food options - but we never call them "convenience stores"

[@BijanIzadi]

Ok this video was great but all kinds of confusing imagery was used - “Fresh prepared foods” *image of a yellow hotdog ?

[@dalesaylors9251]

Bijan Izadi thank you for being interested with the USA 🇺🇸

[@mikecalhoun2645]

That food is not fresh at all

[@MaximusMongoose]

There's only two locally own gas stations around my area and those are the only ones that have E85 for some reason...

[@esingh7933]

Chevron,Shell,76,etc is locally owned by a person and that person runs it. The store is owned and the gas is contracted and these gas stations cost a lot of money to purchase. The profits are really high too!

[@davidw8947]

Beer and lotto is the money makers

[@scarbourgeoisie]

Around my area, they are all family owned. Middle eastern by most and they never hire local high school kids as part time help like these businesses used to.

[@thelister4910]

That's how it is all over the country, because they don't have to pay taxes, like you would if your parents opened one. The will hire their relatives only to keep the money in their circle and out of yours.

[@phil20_20]

Ways are available to stay in business. Lots of these single station businesses are run by older people who's kids don't want it, so their parents are not so motivated to improve it or make changes. Go with Methyl Alcohol Fuel Cells, best of both worlds.

[@reuben8140]

The wobble on the Pepsi at 0:31 shook me

[@wanking5425]

Glad to hear the independents are having a pop. I worked as an attendant for an old school BP supplied site in about 2006 in Australia, one of the last full service sites in the state. The owner smoked in the shop and told me to only serve the women and let the men look after themselves. So I started having a smoke in the back office. I digress. His main sales were fuel, coke, LPG gas. A couple years later a corporate place opened nearby and somehow he is still in business. Personalised service to the old truck drivers and locals may have something to do with it. Could never imagine him serving artisan roasted caffeine and bread. Cheers

[@b4isleep1]

Here in the states same thing you mentioned. I have probably at one time been in every one (convenience store/gas station) in my city and I only frequent the ones that are local owner owned and we know each other by name and there is a connection.

[@BradThePitts]

Nowhere else do I spend 75 bucks in 3 minutes. Gas stations should all be CLEAN - no excuses.

[@burquenomadrid]

ok karen

[@BradThePitts]

@@burquenomadrid Sorry - I forgot to mention the vagrants asking for money to get a bus ride back home.

[@BradThePitts]

@Slim Pickens You're welcome, dullard.

[@flyingg5504]

Most of the 75 bucks you spend goes to federal and state taxes, not to the owner’s pocket.

[@BradThePitts]

@@flyingg5504 It's worse in Japan, I wonder why their gas stations are clean? ⛽

[@warrenpuckett4203]

Back in the 90s when I was doing POS installs a lot of the stations were owned by Petroleum marketing companies. Which were owned by petroleum production companies. The space for the store was leased by an independent or a corporate convenience chain. Sometimes by a competing petroleum marketing brand would be in a store owned by another company.. The brand of gasoline is usually one of those daughter companies of the producer. The repair equipment was removed and those shops were moved to a building that is just that, a auto repair shop. That opened more space for the convenience part the sale. It also removed the insurance requirements for repair facilities.

[@tarcal87]

0:16 _"That's 30% of all stores in the country"_ _"Put another way..."_ *(given that this is for Americans, the explanation goes further)* _"that's like 1 in 3!!!!"_ 2:58 Oh no, they missed out on the opportunity after saying "80%"! Why leave your viewers stranded wondering what that value must be?

[@robertweekley5926]

GarborBartal - 4 out of 5 Doctors Smoke Camels! That's why 80% of them Died!

[@agoniaXdunya]

Fvck 0ff.

[@tarcal87]

@@agoniaXdunya Hi, American!

[@energyexecs]

..I worked in the C-Store downstream business for approximately 3 years as a supplier of energy efficiency and energy management services. The CNBC article is educational for the consumer - however the more accurate picture is the C-Store owners themselves buy-up more C-Stores and then create LLC, medium sized corporations, or holding companies to manage their C-Store Fueling Stations. For example, one private owner owned over 100 C-store fueling stations. He was not a Super Major petroleum company. However many of the C-stores are indeed corporate owned by the majors.

[@kakarroto007]

My 5- year-old nephew told me he and his dad ate shrimp and spaghetti at a gas station. I laughed for hours at the thought of that. Maybe he wasn't lying?

[@torijones5194]

There is a place in the Dallas area where the owner wanted to open a restaurant but the bank refused to give him a loan for a restaurant. However, they did give him a loan for a gas station. So he bought a station, pushed the regular gas station stuff to a corner, built a kitchen, and put in dining tables. And everytime I go there is always a wait.

[@hbarudi]

Restaurant with dine - in is great for such a place especially if you add different kinds of pumps than a usual pump in a gas station for example an electric car charger where they can come plug in their car and enter the restaurant to eat.

[@Prodigious1One]

There's a Cajun restaurant behind my neighborhood gas station, so that's very possible!

[@dumpygoodness4086]

OMG you just gave me a great idea (if I ever need to get revenge on someone I'm still acquainted with)! EX: going to a work holiday party where i secretly hate them all... just bring a ton of Gas Station SUSHI for them all!!!! HOOOORAY!!!

[@Prodigious1One]

@@hbarudi Yeah, I would like this as an electric car driver.

[@geoffdearth7360]

I think one of the best store chains is Kwik Trip based in LaCrosse Wi. They also have Kwik Star in Iowa. Their formula is that their stores are within 300 mi. of LaCrosse so they can deliver their own dairy and bakery products with a high degree of freshness. They regularly upgrade their stores and they have loyal employees due to generous profit sharing.

[@dmaxsba]

I don't care who owns them. I want to know why gas prices go up the very moment the cost of oil does but doesn't go down in the same manner? They SLOWLY lower the price over weeks!

[@andersonandrighi4539]

Main reason is that the oil price that drops and rises is crude oil. Refinaries all over the world control the price of gasoline, diesel, and ethanol. When prices of oil barrel fall sometimes refinaries already bought their stock for the next trimester and they can't simply drop the prices. This crude oil war is meant to hurt countries since their taxes revenue come from royalties which in turn is linked to the price of oil barrel. Also if you are from the US you are less affected by Saudi, Venezuela and Russia's oil price since the US produce and refines its own oil.

[@lance8080]

Greedy immigrants that own the stations gauge of the prices.

[@dmaxsba]

@@andersonandrighi4539 I know I am over a year late in seeing your response. THANK YOU for the information. I never looked at how oil is purchased in that way. It makes much more since now.

[@pandoranbias1622]

What i have found is that the convenience stores that don't have a gas station attached usually are cleaner, better staffed, and have food that tends to be in date and not expired.

[@michaeldalton8374]

When I was a kid, my parents had a fuel tank at home. Gas company came out and filled it for 40% less than the store-owned pumps. At some point ((1981-ish) they removed the discount and it was actually higher cost.

[@stevenbryant4718]

It was about then that the in ground tank regulations were improved.

[@STho205]

There's a generic convenience store in Skyler, Virginia that has two gas pumps out front. It is sitting where the old general store of "Walton's Mountain" sat when Hammer was a boy. I've always wondered if someone could buy it, tear the building down and rebuild it as Ike Godsey's 1932 store with a gas pump in front and EV chargers in the back. Open 6am to 8pm. It wouldn't be a way to get rich, but it might be a way to have a happy business life. There are no dry goods stores in the area for 30 miles.

[@kamolhengkiatisak1527]

The close caption runs slower than the speaker/narrator here. It is perfect in "Future of storage technology." I read CC as well as listening as I am not an English native speaker.

[@w.miller7282]

Here in the DFW area buccees is becoming extremely popular due to their massive stores and unparalleled restrooms.

[@EliteMexicanxX]

Me : Indians

[@12ambujshukla94]

Dot or Feather ???

[@nativenation3296]

@@12ambujshukla94 Dot or Feather .... lol, never heard it that way before

[@cortransport]

First Nation Ojibway i no get it

[@dfhhtyu3434]

@@12ambujshukla94 dot

[@totallynottwo5727]

The Kenly 95 is probably the best gas station to stop at if you’re driving through North Carolina

[@adalmartinez2340]

Wawa is awesome a Free air for your tires you can sleep in your car in the parking lot no one bothers you sometimes the person at the register gives you the cofee for Free their atms doesnt charge you for taking money out

[@starshipdriver8536]

I only go there when there’s a Tesla supercharger on my road trip.

[@stewartadd5605]

I like their subs

[@flyingg5504]

Yes. They provide free atm and air but most of their store items prices are higher than the competition.

[@Shutdown90078]

Ikr

[@NPAMike]

@@flyingg5504 not if you buy their wawa branded product which is pretty good.

[@jfwfreo]

Just as it has happened in America, here in Australia more and more stations are becoming convenience stores as well as providing fuel. Mostly because they have no choice (fuel sales are so low margin that they need higher margin product to make up for it plus if they dont have the range, people will generally go to a station elsewhere that has that range)

[@LawrenceMarkFearon]

Very impressed with Maryland Royal Farm gas and convenience store locations. They're always clean and carry the hottest Bio-Fuels: E85 and E15. I even converted my car to FlexFuel to take full advantage of the cost and octane with so many stations now.

[@NPAMike]

i go to royal farms for the chicken.

[@favtrip]

As a gas ⛽️ station we enjoyed this content.

[@denisbaranov1367]

9:27 “typically there's a bias against food bought at gas stations" When you know what -emia means

[@awesomeorange7620]

The standards for food preparation should be higher in all of the industry.

[@michaelb9940]

Its more like every GAS Stations has a Convenient store attached - not the other way. Mostly they start off as Gas Station, then they need a building to operate from and also turn that into a mini convenient store.

[@Cbiz210]

It's all about Buc-ee's and QuikTrip here in Texas 😎

[@pamelaporter1739]

Cbiz 210, I'm in DFW and we've got a variety, including Exxon, Shell and then the convenience stores like 7-11 that also happen to sell gas.

[@tmatt1999]

The government should own all gas stations and other means of production in America.

[@Halo47143]

tmatt1999 no! That’s what they in Mexico trough Pemex and it’s bad. Personally I want gas stations to start offering fast dc charging

[@dreamfury2351]

Huh. Don't know how I got here, but that was actually educational. Also: "I'm so hungry, I could eat a sandwich from a gas station." - Clark Griswold 1983

[@deanrasul4656]

Not only in Oregon but in New Jersey too

[@cerisem7727]

CNBC: Who owns America's gas stations? Me: Michael Franzese (secretly owns them)

[@Lion-dr7uv]

Cerise M That’s funny 😄.

[@karpediem214]

#BestComment 😎

[@tkhannibal2476]

Hahaa 😎

[@timzaayer1713]

You should also be aware that having a major oil company logo at a store doesn't tell you anything. All gasoline is blended at the regional refinery. The exact same recipe is used for every brand that you can find.

[@juanone66]

Agreed. Those brand-specific additives that are so heavily marketed constitute about one part per ten thousand.

[@qualityman1965]

Here in Canada 100% of gas stations are self serve, have a convenience store and operated and owned by the big guys. Small guys and family owned businesses are dead and not coming back. It's greed and nothing else.

[@InternationalBeggar-qz6lc]

When it comes to business and jobs..canada sucks. It high time now they need to think and plan to resolve the issue

[@johanroyce6324]

You obviously haven't been to Port Perry.

[@qualityman1965]

@@johanroyce6324 Great. Then that's where I am moving. Thanks for the hint.

[@johanroyce6324]

@@qualityman1965 In Port Perry, there is a gas station that still has full service where they pump the fuel, and there is a gas station owned and run by this couple, as well as a gas station not far from the city that is on a Native Reserve so the fuel is discounted.

[@Odin029]

There was a small kinda dingy looking gas station in my hometown that had some of the best fried chicken I've ever eaten. At first only people in the neighborhood knew about it, but then the college kids tried it and then people from other parts of town would come to get the chicken. The owner sold the station a few years ago and now it's owned by a big chain.

[@ebena.k.8032]

Why does Oregon require someone to pump your gas?

[@pedroernesto6941]

lobby from workers unions to keep their jobs, i am form Brazil and here this is a nation policy

[@ebena.k.8032]

@@pedroernesto6941 waow - interesting policy and practice. Eventually that entire business model will fail, right?

[@inverseuniverse5727]

Not sure , but safety ?

[@lisachapman6492]

WHAT??? No mention of Buc Kees? I LOVE BucKees!! The gas station chain in central Texas.

[@edgarmata2025]

Lisa Chapman cause Bucs Kees is not huge

[@ethan60645]

all i’m getting from a gas station is coke smokes and gas, not a sandwich

[@coryanntopanga]

I don't know if you're in Texas or not, but if you are or ever do come here go to Buc-ees. I have yet to buy any type of food from them that wasn't absolutely delicious. And High Country here in Round Rock alone is worth a trip. Come on! Try a sandwich or two or three! 😉🤗

[@Anewuser_6282]

or Danny & Clydes in New Orleans or WaWa/Sheetz in PA/NJ

[@rileysmith9843]

All I get is a Pepsi, Doritos, and diesel.

[@ChrisGilliamOffGrid]

@@coryanntopanga We have a Buccees in Loxley. That place is massive and stays packed. We get BBQ, and grab bags of corn for the deer feeders. Awesome place.

[@TransitAndTeslas]

QuickTrip gang!! California has nothing but Cokes Smokes and Gas stations. I feel bad for them. For being such into car culture they surely have crappy gas stations.

[@eland65]

In south africa, the Portuguese and Greek "corner store" disappeared 20 years ago, ALL the oil companies now even have Woolworths sections...

[@letsstudy8866]

World : Petrol(liquid) stations Americans :No its Gas stations

[@DevoutSkeptic]

Gas is an abbreviation for Gasoline just like Petrol is an abbreviation for Petroleum.

[@makomal23]

CNBC didn't answer or even reported clearly . But the answer is Indian

[@TracksideViews]

Apu Nahasapeemapetilon at the Kwil-E-Mart. “Thank you, come again”

[@bwang1988]

Missing the super successful Bucees in Texas, you never see a gas station bigger than them, it became destination hub for all road trip and convince and food store, they drive traffic by lower gas price and unset by other retail price. It’s a true Texas experience, they started opening up new stores outside of Texas.

[@blakedeming1184]

3:53 how about my mans desktop

[@dwightmcqueen5771]

They are getting richer while we the working people struggles even more . Not right people!!

[@23x31]

Now I want some gas station sushi.

[@dannydaw59]

That's a good idea. I'm tired of the same old junk food.

[@99beta]

In Canada they are mostly owned by convenience store chains. The gas companies sold them off years ago. The store is more profitable than the gas.

[@nathan_drake1237]

She grabbed the wrong one! 😂 4:30

[@tonyoliver5537]

7-Eleven owns the most convenience stores in America, Circle K is Canadian owned and it sits at #2.

[@Pwn3dbyth3n00b]

I didnt even know they were called convenience stores. I thought they were just gas stations with stores.

[@NinjaPickups]

OhMyGulay same lol

[@3sierra15]

Yup. As good as.

[@pamelaporter1739]

It may depend on the region of the country; they're convenience stores in Texas.

[@timmyjones1921]

So true , I've traveled all over America & used many many gas stations while doing so . Yesterday I stopped at a 7 Eleven in Mission Bay & they did not have any hand sanitizer for sale and I thought if Gas Stations had it they could make lots of case and increase profits by selling face masks and rubber gloves a sure prime market in America for the next 12 to 18 months .

[@Nuclearkiwi2]

3:48 YO THIS DUDE GOTTA LIGHT UP KEYBOARD MY GUYS

[@BasedAchaemenid]

Hadrian freaking huge ass monitor too, he’s an elite gamer

[@raybin6873]

I have a friend who runs a Chevron station in GA. He and 3 daughters work in split shifts opening at 6am close at 10pm every day. He pays $5,000 /month rent to the gasoline distributor who owns the station (and several others as well). My friend has to cover maintenance costs on everything inside the building (bathrooms plumbing-lights-security camera systems - beverage coolers etc). He tells me they average about $12 - 14 / hr each (after all expenses)- have no healthcare insurance/ retirement programs etc. His biggest complaint is having to send off payments to credit/ debit card banks / companies amounting to approximately $4,000 - 5,000 each month because system is rigged that he, the vendor has to pay for credit/ debit card transact fees. He feels the card users, because they decided to use cards, should pay trans act fees. (I agree with him.) He said store operators like him have made complaints with elected people but have found banks/card companies have strong lobbyists in our government. Card fees collected annually are estimated to be around $80 billion. 🤔

[@movizdar8818]

This comment is the truth

[@twostepz4982]

Dude, I love gas stations who open up a subway so I can buy healthier sandwiches!

[@rohit.iyengar]

Is it just me or was anyone else surprised to know that the gas station is attached to the convenience store, and not the other way around?

[@evm6177]

What else ya mate, fuel & electricity is cheaper than food & other necessities.. these people are in a better place than heaven. Why else do think everyone loves to go to America.. America.. America!

[@evm6177]

fun fact, gas stations dont' make money off of selling fuel. they only profit a few cents per gallon at best.

[@renegadevestige1639]

Wait, Bowser created the gas pump. Mario, 🤔 I don't think he's that bad.

[@krisbeckwith7105]

Lol...😹👏👍

[@mechamicro]

That is how he has a castle

[@mattyian1208]

That's his last name

[@eberry023]

I still haven’t gotten my post deployment Casey’s Pizza fix because of this quarantine. Thanks for the reminder, only six more days till I can go outside.

[@issmansour]

Buy some gas, get a hot dog & coke, and maybe some smokes. God I miss living in America

[@vincem4756]

It's the best place on earth. Come back!!

[@pkmkb007]

With name like yours, let no one in your home country know you ate pork hot dogs.

[@davidcobb7446]

Very informative video, opened my eyes to what is going on in this area. Thanks for sharing.

[@EuroGuy85]

Who’s going to the gas station to “solve” other problems? I’ve never gone to a store to buy chips and then said to myself, hey get gas too!

[@c__walker__jr]

Don't know where you are, but convenience stores tend to be closer to most folk in the U.S. than full grocery, box/discount store or shopping center.

[@bojanbozinovski1415]

@@c__walker__jr this is a difference between most of Europe and U.S. we have small groceries(today mostly from chains) and some local restaurants and cafes within walkind distance. We have gas stations which are growing to have some groceries, but it is only if needed. But interesting to see how this work in the U?s

[@ericcarabetta1161]

8:00 Nice. Buzz Cola and Krusty-O’s. Those were sold during the promotion of The Simpson’s Movie, when about a dozen 7-Elevens around the country were temporarily transformed into Kwik-E-Marts.

[@walls2ink]

Love these, so informative

[@maestrovso]

Can you please turn up the background sound track? It is too good to be wasted when no one can enjoy it.

[@ShidaiTaino]

7:04 there’s a mouse cursor on the top right

[@brianroyce5809]

Correct it's a video conference

[@MaximusMongoose]

😊

[@raymondray3232]

This is correct for small companies, but each store makes about 2 cents for every gallon sold. The owner is responsible for buying all the equipment and the gas

[@riggyrain]

Anyone else notice the 2.3 trillion icons on that mans desktop?

[@ahines8032]

Chain gas stations are a different beast from the traditional. Ultimately it's investment corporations and govt ownership. Their portfolios includes treasury ,municipal bonds and oil connected llcs which makes the symbiosis exist.

[@FinancialShinanigan]

3:49 Think less complicated than his desktop organization, my God!

[@joachimpetersen2301]

Hahahha...was thinking the same thing.

[@RellyOhBoy]

Two Things... 1) Amazon gas stations are coming. 2) Never buy seafood from a gas station convenience store.

[@wanderlustspirit4607]

Theyre owned and operated by someone in a turban.

[@bobbydigital8243]

In America gas stations are in convenience stores, In Canada convenience stores are in gas stations.