North America, Business and Economy , National , Economics, Transportation
High prices, low margins hurt gas station owners
By John Hockenberry, Adaora Udoji, Sitara Nieves
May 21, 2008, 06:57 AM
Chicago residents are now paying the highest gas prices in the country - an average of $4.07 per gallon. You might think that gas stations are thriving with high gas prices, but gas station owners are actually losing money.
Samer Katib owns four gas stations in Chicago, and one of them has among the highest prices in the city. Katib talks to The Takeaway about the tough economic realities he’s facing as gas prices rise.
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The show is a co-production of WNYC Radio and Public Radio International,
in collaboration with The BBC World Service, New York Times Radio and WGBH Boston.
