Crikey. It's almost 1.77 per LITRE here in Canada
Discussion
It's a hell of a sale that's for sure. They're losing money today. The network effect is wild though. Competing gas stations in the area are matching the prices, otherwise no one would go to their gas station today.
They don't make much of anything on gas to start with. Local owner told me ~.01-.03
They make their money off stuff inside. Be interesting to see how the finances of drawing in this many customers falls out.
Almost no one is going in stores though. The lines are nuts. All day non stop entire parking lots full, backed up onto roads. I could understand gas being close to a loss leader on normal days, but almost no one wants to wait in a gas line for 10+ minutes then go into a convenience store.
Sheetz is like the brand of choice around here, its worth a little hit to keep their image.
Holy Sheetz! My friend took advantage. Me, hung by the pool & took a nap instead 😎
