$2.54 at Speedway in Mentor, and now I see $2.54 at Giant Eagle in Painesville. Hot diggity dog!
"As you may have read in Robert Parker's Wine Newsletter, 'Donaghy Estates tastes like the urine of Satan, after a hefty portion of asparagus.'" Jack Donaghy, 30 Rock
...and for reasons (wral.com) I still can't wrap my brain around, the average price per gallon in Raleigh is still $3.48 (gasbuddy.com) (although a single station did sell gas the other day for $2.98 - now back up to $3.25).
Just minutes ago we went down to $2.999. But that might be short term, as the cost of gasoline (to us) went up $.10 today. Luckily we got our load last night.
Paid $3.059 yesterday, but it was about $0.08 cheaper is you paid cash instead of credit.
By the way, does everyone else have different prices for credit vs. cash? I never really saw different prices until the spike in oil this spring. Not quite sure I get the reasoning behind that.
Originally posted by Reverend J ShaftPaid $3.059 yesterday, but it was about $0.08 cheaper is you paid cash instead of credit.
By the way, does everyone else have different prices for credit vs. cash? I never really saw different prices until the spike in oil this spring. Not quite sure I get the reasoning behind that.
Merchant services fees from the credit card companies. Most of them charge a small fee per transaction (like $0.10) plus a percentage. It's really small, about a percent I think, but it adds up over time. A gas station's profit from gas is really small and those fees actually eat up most of what little profit they make.
Originally posted by Reverend J ShaftPaid $3.059 yesterday, but it was about $0.08 cheaper is you paid cash instead of credit.
By the way, does everyone else have different prices for credit vs. cash? I never really saw different prices until the spike in oil this spring. Not quite sure I get the reasoning behind that.
Merchant services fees from the credit card companies. Most of them charge a small fee per transaction (like $0.10) plus a percentage. It's really small, about a percent I think, but it adds up over time. A gas station's profit from gas is really small and those fees actually eat up most of what little profit they make.
I can understand that, but why would they start charging customers a fee for using credit once prices shot up? Wouldn't they already be making a healthier profit if the merchant fee has a percentage cost to it? Or perhaps they're reducing their margin over other costs and offering the cash option to incentivize customers? Not sure.
Another reason to offer a discount for cash would be to get customers in the store. We're family friends with someone who owns a gas station, and they make more money on someone buying a cup of coffee than from an entire tank of gas. Customers in the store means they may buy food, drink or lottery tickets.
$2.59 pretty much everywhere I go in mid-Missouri. My job requires a lot of travel, but thankfully my company gives me a pre-paid gas card that covers my business mileage(and pretty much all my personal miles, but don't tell them).
They had a blurb on NPR about a station where they accidentally had the computer set the price at $00.35/gallon. The brilliant attendant didn't notice and couldn't figure out why he was so busy. I don't remember that price since hihg school.
It's $2.53 here this afternoon, but I filled up for $2.45 yesterday afternoon 45 mintues south of here. If you go here: http://www.minnesotagasprices.com/index.aspx the price that shows for Cambridge has been two days ahead of us for the past month, so it looks like it's still going down!
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