The most expensive gas stations in L.A.: What's the deal, anyway?
Gas prices in Los Angeles have climbed to new heights this week, with Angelenos shelling out more than $5.50 a gallon on average at the pump.These stations are the mysterious outliers of the L.A. petroleum landscape, advertising $6.95, $6.99 or even $7.05 for a gallon of regular unleaded, seemingly in defiance of economic sense.
Taylor Symone, who works as a nanny, was filling up her Mazda CX-5 before driving her young charge back home to West Hills after a nearby music lesson. “This was the first place close to me. I probably wouldn’t have gone here had I known how expensive it was,” Symone said.Already-high gas prices are headed higher because of the Russia-Ukraine conflict, a painful blow for L.A.'s lower earners who must drive to survive.
Mike, who declined to give his last name, pulled in to fill up the tank of a brand new V-12 Bentley Continental GT Speed. The total topped $128. The only reason he was using this gas station was because he wasn’t paying for it. His research has also shown that American gas consumers are much less sensitive to price differences between gas stations than those in his native Germany, and high traffic congestion can drive anyone to choose the closest option rather than journey off into the unknown.Q&A: How President Biden’s decision to halt U.S. purchases of Russian oil is likely to affect prices at the pump and beyond?
With land so valuable, his mortgage payments are high, he said, and after his franchise agreement expires in a few years he expects he’ll sell. “It doesn’t pay to be a gas station with the value of the land” in the middle of a shopping district. The majority of his revenue comes from the convenience store, not gasoline sales; even at the prices he charges, he said, gas has a fairly low profit margin compared with snacks and drinks, once upkeep, labor costs and taxes are factored in. He said he holds onto his two locations in part to serve as test sites for his consulting firm, to better understand how new products play in the market.
Staffers at the station said that they could not speak to the media, but public records show that the owner is Hawk II Environmental Corp., run by a Whittier man named Joe Bezerra Jr. He did not respond to multiple requests for comment. “Even filling my own car costs a lot more than usual,” he said. “If I’m in a certain area I’ll try to find the cheapest station, but if not I gotta do what I gotta do.”
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