economics economy nation region north america transportation

High prices, low margins hurt gas station owners

By John Hockenberry, Adaora Udoji, Sitara Nieves

Wednesday, May 21 2008

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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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