Despite sales topping the half-trillion-dollar mark for the first time in history, industry profits in 2006 decreased 23.5%, falling to $4.8 billion. The Association said this decrease was largely attributable to a drop in motor fuels margins and the continuing escalation of credit card fees, which now surpass industry profits.
The $74.1 billion increase in industry sales was the largest yearly increase ever recorded, fueled by a 17.9% surge in motor fuels sales, which rose to $405.8 billion. The industry
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