Why are the gas stations all closing down? I live in the chicagoland area and have seen 6 gas stations close?

Answer 1

I'm in Chicago too. I believe it has something to do with more people are relying on public transportation due to the huge spike in gas prices.

Answer 2

The price of gas is going up and gas taxes are very high. It's very difficult to make a living in this business, anymore.

Also, the high prices have promoted a lot of violence. Some people drive away without paying, while others beat up the atendants.

Answer 3

I'm sorry I can't be of more help,but there is a gas company that's cutting back on the states it's selling to.I can't remember the name of the company or the country it's based in,but that might be the reason.At least I didn't respond with an I don't know!

Answer 4

Probably all CITGO stations since Citgo is pulling out of 10 states including Illinois

Answer 5

You don't say what brands, or if they were individual owners. If individual owners, could be competition by company owned operators. Pricing is set by gallons pumped. Company owned may have cut prices enough to force them out. This does not imply that the companies are American. They could have been Venezuelan, CITGO, or Canadian, VALERO, which recently bought Diamond Shamrock.

Leases may have expired.

They may even have been bought out and just closed.
Other than those, I can't say.

Answer 6

I am assuming here it may be a couple of reasons, inflation of gas, being in the city where many have the option of the CTA for transportation and lil owned companies can't afford to stay open...that's my guesstemation though.

Answer 7

most are independently owned and really cant afford to pay for the fuel....an owners profit on the fuel is very small