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Data Security: Protecting Your Business – Idaho Business Review

Data Security: Protecting Your Business – Idaho Business Review
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Records reveal how much Idaho dealers boosted margins on gas sales early in pandemic

Records reveal how much Idaho dealers boosted margins on gas sales early in pandemic
John Sowell, The Idaho Statesman
Jan. 7 Idaho gasoline retailers margins were relatively stable before the coronavirus pandemic hit and Attorney General Lawrence Wasden accused the state s three largest convenience store chains of gouging customers.
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Between 2006 and 2019, the difference between the price dealers paid for gas and the price they charged ranged between 2 and 15 cents a gallon. Known as markup or margin, the difference takes into account the 51 cents per gallon in state and federal taxes, along with delivery costs.
The margin was 10 cents in February. The arrival of the coronavirus pandemic in Idaho changed that. In March, when the Gem State saw its first Covid-19 diagnosis and Gov. Brad Little issued an emergency declaration, the margin shot up to 39 cents. ....

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