Study: burlington gas merchants make more profit per gallon than anywhere in Northeast (Burlington Free Press)
July 13, 2012
By Sam Hemingway
Here’s a “We’re No. 1” story about Vermont that few people in the state will be happy to hear.
According to data compiled by an independent group that monitors fuel prices across the nation, Burlington ranks tops in the Northeast — and fifth in the country — when it comes to the profit local gas dealers make on a gallon of gasoline.
The figures, released through the office of Sen. Bernie Sanders, I-Vt., indicate the profit margin for unleaded gas sold in the Burlington metro market last week was 39.3 cents a gallon.
That’s higher than the profit on gas sold in the perennially expensive Washington, D.C., and New York City metro markets.
Burlington’s profit margin was 30 cents a gallon higher than the national average for most of June and about a dime more than elsewhere in Vermont, according to data assembled by the Oil Price Information Service, or OPIS.
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Tags: Economy, Oil, Vermont