New York CNN —Sheetz, the gas station and convenience store chain, is slashing prices at some of its pumps ahead of the busy Thanksgiving travel period.
Sheetz and other chains periodically slash prices to generate buzz and sales, even at the expense of lower profit.
Drawing in people with cheap gas could help give convenience store sales a boost.
But it’s an odd time to cut gas prices, which are below $3 a gallon in 31 states and hovering at $3.06 a gallon nationally.
“Gas prices, after two-plus years of sizzling because of outside factors like Covid and Russia, are finally coming back into balance,” GasBuddy’s Patrick De Haan previously told CNN.
Persons:
New York CNN — Sheetz, GasBuddy, ”, Patrick De Haan
Organizations:
New, New York CNN, AAA, Drivers, CNN
Locations:
New York, Russia