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Michael Barbaro

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
9180 total appearances

Appearances Over Time

Podcast Appearances

The Daily
The View of the War From a Florida Gas Station

I hope they understand that I'm not pricing my gas to make a quick buck.

The Daily
The View of the War From a Florida Gas Station

I'm pricing my gas how I need to price it in order to stay afloat.

The Daily
The View of the War From a Florida Gas Station

And just to explain how this works, this is actually not making Cam more money.

The Daily
The View of the War From a Florida Gas Station

My distributor of fuel is charging me per gallon.

The Daily
The View of the War From a Florida Gas Station

And then I have to account for if they're going to charge me to get it to the gas station.

The Daily
The View of the War From a Florida Gas Station

Trucking fees.

The Daily
The View of the War From a Florida Gas Station

Trucking fees to the store itself.

The Daily
The View of the War From a Florida Gas Station

And then we also have to account for the different fees that are associated with the customer purchasing gas, the credit card companies and debit card companies.

The Daily
The View of the War From a Florida Gas Station

For Cam, the margins on gas are actually pretty slim.

The Daily
The View of the War From a Florida Gas Station

I mean, there's really such a small amount of profit to be made per gallon for a business like mine.

The Daily
The View of the War From a Florida Gas Station

I mean, I'm talking maybe 10 to 15 cents per gallon max for my store.

The Daily
The View of the War From a Florida Gas Station

I mean, my regular customers, they're pretty loyal.

The Daily
The View of the War From a Florida Gas Station

I like to think that they would choose my store over a big corporate-owned gas station or a big chain gas station franchise like that just because it's my store.

The Daily
The View of the War From a Florida Gas Station

Can I consider that?

The Daily
The View of the War From a Florida Gas Station

The customer, when I'm making these gas prices, not really, because as much as I love my regular customers, I can't take a loss per gallon.

The Daily
The View of the War From a Florida Gas Station

It would be difficult to even figure out what my break-even number would be.

The Daily
The View of the War From a Florida Gas Station

You've got to at least make a couple cents off of each gallon, or there's really no point in...

The Daily
The View of the War From a Florida Gas Station

Selling gas.

The Daily
The View of the War From a Florida Gas Station

Selling gas.

The Daily
The View of the War From a Florida Gas Station

I could take the gas price of that big chain gas station up the road that's priced at $399 today.