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J.P. Seti
Longtime independent gas station and convenience-store owner who shares first-hand experience about margins, operations, and competition in the retail fuel business.
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Oct 24, 2025
• 15min
Gas Stations (UPDATED)
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J.P. Seti, a seasoned gas station owner, shares his journey from immigrant to entrepreneur in the convenience retail space. He and Garrett Golding from the Federal Reserve dissect the complexities of the gas supply chain and analyze how slim profit margins truly are for station owners. They discuss the competitive landscape at the pumps, the impact of electric vehicles, and how convenience store sales drive more revenue than fuel. Insights about rising gas prices and their effects on consumer behavior make for a compelling conversation.
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