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What happens when gas is sold ‘at cost’? French drivers save pennies

From cnn.com

Two of the largest retail chains in France have announced they will forego all profit on fuel sales, yielding to government pressure to sell gasoline and diesel at cost. The savings for motorists at the pump? $1 to $2 per tank. “From September 29, the 750 service stations of Leclerc hypermarkets will be selling petrol ‘at cost price’ every day. This, of course, means with no profit,” Michel-Edouard Leclerc, president of the E. Leclerc group, wrote on X, formerly Twitter, Tuesday. Speaking on the Franceinfo television channel Wednesday, Leclerc added that the initiative would last until December 31. Carrefour made the ... (full story)

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