Matt
mattphifer.bsky.social
Matt
@mattphifer.bsky.social
Gas stations aren’t very profitable.

fortune.com/2022/08/09/e...

Collusion (and thus profits) are coming further upstream. Oil companies are making a killing right now, gas station owners not so much.
Upside CEO: I’ve analyzed the profit margins of 30,000 gas stations. Here's the proof fuel retailers are not to blame for high gas prices | Fortune
Rewards company Upside says its data shows fuel retailers aren't to blame for high prices at the pump.
fortune.com
May 12, 2026 at 1:59 PM
Just like Erdogan’s son (in law)!

nordicmonitor.com/2025/10/erdo...
Erdogan’s family-linked drone exports spark tensions with Serbia - Nordic Monitor
Levent Kenez/Stockholm
nordicmonitor.com
March 9, 2026 at 5:43 PM
Yes, and given his investments in housing construction (PulteGroup and much more), major personal stake in lower rates
August 30, 2025 at 5:56 PM
Also, guess when they finally decided to raise rates? After Erdogan's reelection in 2023.

Despite 72% inflation in 2022, rates were kept in the 8-15% range under CBRT Governor Şahap Kavcıoğlu.

We can expect the same politicized monetary policy before the next Turkish elections (perhaps 2027).
July 18, 2025 at 4:26 PM