The Economics of Owning a Gas Station

A gas station is a convenience store that happens to sell gasoline at a loss. The pump is bait; the money is twenty feet away. Timestamps: 00:00 A store that sells gas at a loss 00:49 The two gates nobody warns you about 02:22 Why a cheap station is the dangerous one 03:31 The load you pay for before it sells 05:25 Follow one gallon 08:10 The twenty feet that actually pays 10:52 The thing you can't see, can't move, can't leave 14:21 What the electric car is really aimed at 17:30 Both true on the same lot 18:36 Store, gamble, or slow disaster? #economicsexplained #economics #business