Fuel Price, Cash now means Cash.
We stopped at the Chevron Station just east of Goldbar Washington. The sign said Diesel, Cash $3.89, Credit $3.99. I filled up the truck, took about 40 gallons. Went inside to pay with Debit card a...
Forum Discussion
Since oil companies own and control from earth to pump monopolies your conclusion the retailer makes a few cents per gallon a false assumption. The retailer controls the entire process, selling the crude oil to his refinery, then selling the refined product to his transportation pipe, then selling the transported product to his distribution system, then selling his product to his retail location. From ground to my gas tank the oil company monopoly steps on the profit with a heavy foot.
Aridon wrote:
According to the Federal Reserve, the average interchange fee per transaction for all debit card issuers in 2009 was 43 cents. Data collected from the fourth quarter of 2011 indicated that the average interchange fee received by non-exempt issuers declines 45% from the 2009 level to 24 cents. The data also indicated that exempt issuers continued to collect an average interchange fee of 43 cents.
http://www.cga.ct.gov/2013/rpt/2013-R-0015.htm
10 cents looks to be complete crap. More than double that.
$50 at 3.69/g = 13.55 gallons. The retailer makes a couple cents a gallon profit.
Do you expect them to sell you gas at near cost? If you want the cash rate then PAY CASH.
