Anonymous wrote:Anonymous wrote:Anonymous wrote:The Exxon's are Joe Mamo gas stations. I'm pretty sure he's just land banking. His gas station in Spring Valley has an insane price - always over $4/gallon regardless of oil prices.
I'm pretty sure he's just trying to minimize his costs while he continues to sit on land which he will eventually sell to developers. In the meantime, he's avoiding the penalty property tax rate for unused property.
Mamo is a total creep.
How so?
Anonymous wrote:Anonymous wrote:The Exxon's are Joe Mamo gas stations. I'm pretty sure he's just land banking. His gas station in Spring Valley has an insane price - always over $4/gallon regardless of oil prices.
I'm pretty sure he's just trying to minimize his costs while he continues to sit on land which he will eventually sell to developers. In the meantime, he's avoiding the penalty property tax rate for unused property.
Mamo is a total creep.
Anonymous wrote:The Exxon's are Joe Mamo gas stations. I'm pretty sure he's just land banking. His gas station in Spring Valley has an insane price - always over $4/gallon regardless of oil prices.
I'm pretty sure he's just trying to minimize his costs while he continues to sit on land which he will eventually sell to developers. In the meantime, he's avoiding the penalty property tax rate for unused property.
Anonymous wrote:Today's pricing is typical -- at Conn. & Fessenden, the BP's lowest-octane price is $2.80/gallon. Across the street at the Sunoco, it is $2.81. One block away, at the Exxon, at Conn. & Nebraska, the lowest price is $3.79, if paid in cash.
How does the Exxon station sustain this differential? It is consistently this way.