Want cheaper gas?

[TexasDevilDog]

Gas station owners, on average, make a gross profit of 14 cents on a gallon, said Rozell, but that gets whittled down by credit card transaction fees.

Those fees reduce profit per gallon by about 3%, he said.

Those fees take a bigger chunk of the profit as gas prices rise and more consumers decide to use credit instead of cash to ease the hit to their wallet.

Bellman said that every time someone pays with a credit card he's losing 10 cents out of the $3.39 a gallon he's charging.

http://money.cnn.com/2011/03/02/news...eact/index.htm

Allow gas stations to offer a cash discount. But I am sure credit card companies wouldn't like that.

[Fastlane]

Kinda like how they used to back 15-20 years ago? Hmmm....

[ceyko]

On the old site we had a gas tanker group buy that went pretty well. Anyone remember that?

[mustangguy289]

On the old site we had a gas tanker group buy that went pretty well. Anyone remember that?

Yea, I only filled up from the tanker on Wednesdays.

[Moose242]

On the old site we had a gas tanker group buy that went pretty well. Anyone remember that?

Yeah that saved me some serious coin that summer.

[Sean88gt]

Some still do, especially for truckers.

I stopped accepting credit cards in my business because of the fees and the pants down access that credit card companies demand.

[kingjason]

The place at 20 and Polk has a big ass digital sign that shows cash price for Diesel and then flips to regular price.

[Stunter Bob]

I worked for a gas station right out of high school and I never knew how expensive gas really was, we only made 13 cents on the gallon and that just barely covered the overhead and we really counted on the sales inside the station to make any money.

[STANGGT40]

Some still do, especially for truckers.

I stopped accepting credit cards in my business because of the fees and the pants down access that credit card companies demand.

no doubt...i have a separate bank account specifically for credit card transactions. just one problem is that the person that made the charge can claim that they didn't make the charge, didn't receive services, etc...and they immediately remove that money from your bank account until the "investigation" is over.

also, i've noticed that truck stops have been doing the cash discount for years...there's a station off of 30, in rockwall (the one with the carl's jr in it) that has credit and cash prices on their signs.

[GhostTX]

There's a gas station right off 75 to downtown Sherman that has a cheaper price for cash. Sign flips credit price and cash price.

[STANGGT40]

I worked for a gas station right out of high school and I never knew how expensive gas really was, we only made 13 cents on the gallon and that just barely covered the overhead and we really counted on the sales inside the station to make any money.

yep, gas stations and movie theaters operate in a similar way. neither of them make much on the main product (fuel/movies), so they have to charge more for their products (food, drinks, etc) to pay the overhead.

[fordracing19]

I pay with my Penfed cash back card and get 5% cash back.

[Woods Racing Transmission]

The place at 20 and Polk has a big ass digital sign that shows cash price for Diesel and then flips to regular price.

The loves on 30 has the same thing. I think thats only for big rigs that use company credit not credit cards.

[Stunter Bob]

The loves on 30 has the same thing. I think thats only for big rigs that use company credit not credit cards.

yea thats just for companies that carry credit month to month with Loves.

[sc281]

I pay with my Penfed cash back card and get 5% cash back.

Bingo!

Also rotating on the quarterly 5% promos that my Discover and Chase Freedom offer.