Gas stations closing because of high gas prices
More Wisconsin gas stations are shutting off their pumps because they cannot afford the high prices.
Jeff Curro of Brookfield closed his Shell station last Friday after 20 years in business. He said he was paying $3.44 wholesale for a product his competitors were charging $3.47 for.
He couldn't pay his bills with only a three-cent profit, so he had to charge 12 cents more than other stations nearby.
Curro said he complained to his suppliers for a year but it didn't get him anywhere.
Casey O'Gorman of West Allis also shut down his gas pumps six months ago. Now, he's only doing auto repairs.
Also, there were reports last month that a couple stations in the Racine and Kenosha area closed for the same reason.
Nationally, convenience stores sold 12 percent more gas last year but their profits fell 23 percent.
For the first time, the fees stations paid to credit card companies outstripped total profits.
Bob Bartlett of the Wisconsin Petroleum Marketers and Convenience Store Association says retailers are struggling to stay in business.
Bartlett says many folks still mistakenly believe retailers are the ones cashing in on the rising prices.