And we have proof of that:
There are now fewer than 9,000 petrol forecourts in the UK, down from 21,000 in 1991, creating misery for motorists in large parts of the country. The fall comes despite the number of cars on the road doubling to 31 million over the same period, according to new research.
The shrinking of a business sector does generally indicate that there\’s not much, if any, profit in said sector.
It\’s true that cars have become less thirsty over the last 20 years, so the doubling of the fleet size does not indicate a doubling of the amount of petrol being sold. But the very fact that the sector has more than halved in size does show that there\’s no great profit to be made in petrol retailing.
It just ain\’t that part of the sector that\’s pushing petrol prices up……