European hypermarkets change face of fuel industry

10/4/2004 | Wall Street Journal, The

Large retail chains, especially in France, are using their retail experience to drive their fuel pump operations, causing many oil companies to shut down traditional gas stations because they are unable to compete on price. The French government prohibits hypermarkets from selling gas below wholesale price but doesn't require a markup. A spokesman for American gas stations says the trend is not as prevalent in the U.S. because fuel stations are already very efficient.

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