Scott Imus, one of the most knowledgeable people on gasoline pricing and marketing, will be in Knox this evening to tell what’s happening with this most valuable commodity. Imus will be the guest of State Senator Ed Charbonneau and State Representative Nancy Dembowski, who with WKVI Radio has invited Imus to the city to explain why prices fluctuate like they do.
A few interesting pieces of information came up during Scot Imus’ presentation on gas prices in LaPorte this week. He’s the Executive Director of the Indiana Petroleum Marketers and Convenience Store Association.
Do filling station owners like high gas prices or low gas prices? Low. Stations general make 70% of their income off of gasoline sales, and 70% of their profit from convenience items (i.e. candy bars, potato chips, pop, coffee, knick knacks, etc). When gas prices are high, consumers have less money to spend on the convenience items.
Over 75 people attended a meeting to address gasoline pricing in LaPorte last night. The meeting was arranged by State Senator Jim Arnold (D-LaPorte) and State Representative Tom Dermody (R-LaPorte).
Presenters were Scot Imus, Executive Director of the Indiana Petroleum Marketers and Convenience Store Association, and Maureen Hellman-Ferguson, Executive Director of the Indiana Petroleum Council.
Scot Imus, Executive Director of the Indiana Petroleum Marketers and Convenience Store Association, and Maureen Hellman Ferguson, Executive Director of the Indiana Petroleum Council, will attend a forum in LaPorte tonight that has been arranged by Senator Jim Arnold (D-LaPorte) and State Representative Tom Dermody (R-LaPorte) to discuss gas prices.
