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Another Thursday, another gas price restore, but at least only to the same level it was last Thursday.
Profit margins are now so low in retail gasoline that Exxon Mobil Corporation is selling off all 2,220 of its corporate owned gas stations. The majority of the 12,000 Exxon Mobile branded service stations are already independently owned.
There are no Exxon or Mobile stations in Kalamazoo County. It appears some of the Speedways in this area used to be Mobil, particularly the one at 2375 Sprinkle Road (at Miller Road/East ML Avenue). I've always assumed it used to be a Mobil due to the Mobil style lettering on its car wash. All Speedways are corporate owned, except for 53 SuperAmerica franchises in Minnesota, 4 in Wisconsin, and 1 in South Dakota.
Corn futures are now $7.615 per bushel, up 52.5¢ from last Thursday.
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