The Globe and Mail reports in its Thursday edition that Couche-Tard's Circle K business is holding up in the face of rising gasoline prices. The Globe's Nicolas Van Praet writes that the U.S.-Israeli war against Iran is now in its third week, causing the biggest energy supply disruption in recent history. Fuel prices have climbed sharply as a result, with gasoline soaring past $3.75 (U.S.) a gallon in the U.S. and piercing $2 a litre in parts of Canada. But while drivers are feeling that pinch and might fill up less each time they come to Circle K, they are not cutting back on drinks, cigarettes and other staples during their visits, Couche-Tard chief executive officer Alex Miller said Wednesday. The war "doesn't necessarily mean demand destruction" and generates additional trips to Circle K locations, he said. "Clearly, when we get over $4, up to $5 a gallon, that puts additional stress on consumers," Mr. Miller told analysts on a call. "I can tell you thus far during this event, our in-store and our merch is performing quite well." For the third quarter ended Feb. 1, Couche-Tard, based in Laval, Que., reported a net profit of $757-million (U.S.) or 82 U.S. cents a diluted share on revenue of $21.8-billion (U.S.).