How Does This Millennial Afford Gas? His Parents Bought Him A Gas Station

By Gabriel Venneri

Oakville - As gas prices continue to skyrocket, more people are finding it harder and harder to afford filling up at the pump. Ryan Jeffords, 29, says he’s found a trick to beat the prices at the pump.

“It’s pretty simple really. I just asked my parents to buy me a gas station, and they did,” Ryan says from his condo which his parents also bought for him, “It’s been hard on everyone lately, especially me. I drive a BMW M3 so I have to fill up with premium.”

“With the economy looking the way it is, it doesn’t make sense not to buy a gas station for our son,” say Ryan’s parents, Mary and Cal. “It’s a great tax write off and a nice way to generate some side income. It’s a smart investment if you have an extra $400 000 you want to grow. We’re actually looking at buying a second gas station.” 

Ryan’s parents aren’t the only ones who have had the idea to buy their kids gas stations. Speculators have predicted the gas station market is heating up and that prices will only increase because of the demand with an estimated 19% of gas station owners owning more than one gas station.

Gabriel Venneri is a contributing writer at The Toronto Harold. You can find him on Instagram at @gabevenn