High gas prices bankrupting some retailers

Laramie, WY – The number of retail outlets that sell gasoline in Wyoming has gone down by 22 percent since 1994.

An annual survey from National Petroleum News shows Wyoming retailers are following a national trend. Last year, there were about 570 gas stations in Wyoming, compared to more than 730 in 1994.

Spokesman for the National Association of Convenience Stores, Jeff Lenard, says high gas prices have put many retailers out of business.

Lenard says retailers cannot rely on selling gasoline because they only make several pennies' profit on every gallon sold.