Most of us are not just observers, as it is a combination of factors that send gas prices into the stratosphere. There is nothing that a full-service station owner can do. He decided to stop buying fuel in protest of the situation, blaming oil companies. This could lead to the end of his business, which he has owned since 1973.
Reynold Glad knows that this could mean the end of his Ren’s Mobil Service service station, but he decided to do what he could personally. When gasoline reached $ 4.75, he told his supplier, ExxonMobil, that he would no longer buy fuel until prices fell again.
“I don’t want to be a part of it anymore,” Gladu said Daily Hampshire Gazette. “It’s the biggest resentment I’ve ever had with people in my life. When working with mobile, they no longer think about their pricing policy, “said Gladu. “I’ve served their products, but I refuse to do it anymore because they’re just getting rich.”
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ExxonMobil, in turn, perceives the situation in a surprisingly different way. A company spokesman said: “Pump prices are affected by raw material prices and wholesale prices of products that fluctuate depending on supply and demand factors, such as economic conditions and seasonal factors, fuel production, inventory levels, storage and transportation. cost ».
It should also be noted that Gladu works with Exxon not directly, but through a third-party wholesale supplier. In addition, although it does not sell fuel, its station continues the other side of its business with services such as oil change, brake replacement and wheel installation. They even deal with used cars from time to time, so there are alternative sources of income for small businesses.
Despite this bold stance, Ren’s loss of business is unlikely to have a lasting effect. Last year, ExxonMobil reported profits of more than $ 23 billion. It does not even take into account the total income of all major oil companies. However, big moves need to start somewhere, and Glad’s choice will inspire other gas station owners to do something similar.