Daily Market Updates: Gas station retailers become more profitable as oil prices fall

Global Markets

Home›Global Markets›Europe›Gas station retailers become more profitable as oil pr…

Gas station retailers become more profitable as oil prices fall

Reported · Written up by our desk · Europe

The New York Times Economy reports that gasoline retailers face criticism from President Trump for keeping pump prices high, even as evidence suggests the business has become more profitable.

The outlet links the profitability gains to a period when oil prices start to drop.

Latest closeGasoline (RBOB) $3.164 ▼4.9%

← Newer storyKlarna seeks a U.S. bank charter to expand beyond buy now, pay later Older story →Michael Saylor’s bitcoin valuation metric is criticized

More like this

Global MarketsTfL seeks up to £1bn from carmakers over Ulez diesel compliance

Global MarketsCupid invests an additional $5 million in GII Healthcare platform

Global MarketsShareholders sue Novo Nordisk over CagriSema tolerability claims

Global MarketsOil jumps after Iran conflict sparks pullback in major US indexes

Global MarketsHong Kong seizes 600kg of food and arrests 14 in hawker crackdown

Sources

NYT EconomyGas Stations Gain When Oil Prices Start to Drop

Global Markets

Gas station retailers become more profitable as oil prices fall

More like this

Sources

Get the close, explained.