Nearly a thousand gas stations have shut down in D-C, Maryland and
Virginia in recent years.

And as Jessica Forres reports... that number is expected to rise.



A chain-link fence surrounds what used to be a gas station in downtown
Bethesda, Maryland. The gas pumps have been ripped out and all that
stands is a boarded-up convenience mart. There's a popular sports bar
next door. Rob Benning is the manager. He says the station has been closed since
January.

IT WAS SURPRISING BECAUSE I THOUGHT, I MEAN I DON’T KNOW HOW MANY
PEOPLE STOPPED IN THERE FOR GAS, MAYBE THAT WAS THE PROBLEM.

Abandoned gas stations line South Capitol Street near the Nationals
Ball Park. Stanley Bradley lives in the neighborhood.

THERE WAS ONE BP UP THERE, THEY SHUT THAT DOWN, THERE WAS TWO EXONS,
ONE BP, ONE SHELL STATION ON M STREET AND UP FURTHER AS YOU GET TO
11TH STREET WAS AN EXON, THEY SHUT IT DOWN.

Jeff Lenard is with the National Association of Convenience Stores.
He says the closings are an acceleration of a national
trend spanning more than a decade.

NUMBER ONE GAS MARGINS ARE VERY THIN, TYPICALLY YOU NEED ABOUT 12
CENTS TO BREAK EVEN SELLING THE GAS PER GALLON. THE MARKUP THE FIRST
HALF OF THE YEAR HAS BEEN ABOUT 10 CENTS PER GALLON AND RETAILERS
HAVE REALLY TAKEN A POUNDING FROM THIS. THE OTHER FACTOR IS THE
LIQUIDITY CRISIS. YOU’RE HAVING BANKS PULLING BACK ON LOANS. LOANS
THAT THEY WERE PERFECTLY WILLING TO MAKE LAST YEAR, THEY’RE NOT
MAKING NOW AND IT’S PUTTING A SQUEEZE ON SOME OF THE SMALLER BUSINESS
THAT DON’T HAVE ACCESS TO CAPITAL. AND PUTTING A REAL SQUEEZE.

More than 30-thousand gas stations have closed in the U.S since 1995.

______________________________

Gas stations continue to disappear from the Washington region.

And as Jessica Forres reports...some local residents are not happy about it.



A chain-link fence surrounds the lot of what used to be a gas station
in Bethesda, Maryland. Rob Benning is the manager of the sports bar
next door. He says the gas station, which closed in January, was there
one day and gone the next…

THERE WAS A BRIGHT LIGHT AND NOW IT’S KIND OF EMPTY OVER THERE. YOU
DON’T GET THE SAME LIKE FOCUS OF LIGHT. SO YOU WALK OUT AND YOU
DEFINITELY MISS IT. IT’S LIKE ONE OF THOSE THINGS, LIKE THE EXONN USED
TO BE THERE.

The scene is much the same on South Capitol Street in D-C., where we
counted three abandoned gas stations. Stanley Bradley lives in the
neighborhood.

WELL IT’S A LITTLE ROUGH FOR THE NEIGHBORHOOD. PEOPLE WHO HAVE CARS WE
ALL HAVE TO GO UP TO 11TH AND WE HAVE TO DEAL WITH THAT.

Since 2001, more than a thousand gas stations have closed in D-C,
Maryland and Virginia. Jeff Leonard...with the National Association of
Conveniece Stores... says it's a nationwide trend..

I THINK WHAT WE’RE SEEING NOW WITH A NUMBER OF STORES CLOSING IS
REALLY AN ACCELERATION OF WHAT WE’VE SEEN FOR MORE THAN A DECADE…. IN
1995 THERE WERE ABOUT 200-THOUSAND FUELING LOCATIONS IN THE U.S.
TODAY THERE’S ABOUT 160-THOUSAND THAT’S A FAIRLY SIGNIFICANT DROP
AND I THINK THAT DROP HAS BEEN CONTINUED BY THE LIQUIDITY CRISIS THAT
RETAILERS FACE IN GETTING CAPITAL. THE CONTINUING SQUEEZE ON MARGINS
AND IRONICALLY THE COMPETITION FROM BIG BOXES.

He says

Jessica Forres