[PRCo] Re: Inflation

[bob at dietrichsfam.com]

I think it is.  I used to go to computer shows to get ripped off when
portable credit card machines just came on the scene.  Those guys would
charge 15% extra to charge stuff saying that that is what the card companies
took from them.  I also remember seeing two prices for gas a few decades ago
- I think Sunoco stations would charge less for cash.



-----Original Message-----
From: pittsburgh-railways-bounce at lists.dementia.org
[mailto:pittsburgh-railways-bounce at lists.dementia.org] On Behalf Of Fred
Schneider
Sent: Sunday, April 06, 2008 7:13 PM
To: pittsburgh-railways at dementia.org
Subject: [PRCo] Re: Inflation

Is it legal to charge more for credit cards?

On Apr 6, 2008, at 6:38 PM, <bob at dietrichsfam.com> wrote:

> Wawa, our local convenience store is testing the concept of  
> charging % cents
> less for a gallon of gas if paying in cash.  Coming into the store and
> paying cash that is.  Personally the $2 I would save walking across  
> the
> parking lot in the rain then waiting for 10 minutes to hand my  
> money to some
> kid that can't make change correctly is just not worth it to me.
>
> My dad had a gas station and though I never got involved in the  
> money aspect
> I know he didn't make much at it.  The oil company controlled  
> everything,
> including his ability to make a profit.
>
>
>
> -----Original Message-----
> From: pittsburgh-railways-bounce at lists.dementia.org
> [mailto:pittsburgh-railways-bounce at lists.dementia.org] On Behalf Of  
> John
> Swindler
> Sent: Sunday, April 06, 2008 9:47 AM
> To: pittsburgh-railways at dementia.org; Lybarger Ed; Bente Bruce;  
> SCHNEIDER
> ALAN; Craig Phil; Eshleman John
> Subject: [PRCo] Re: Inflation
>
> From various sources, I get the impression that there was a higher  
> mark-up
> 50 years ago.  There was a recent article noting that profit  
> margins are
> very thin - gas stations are making their profit on the sodas and  
> subs that
> you buy, so the real trick is to get you into the store.  Paying at  
> the pump
> helps with costs, but hurts potential revenue.
>
> I thought I read somewhere recently that some countries are  
> starting to
> change their pricing of crude to other currencies???????  Having  
> senior
> moment trying to recall source.
>
> There was also a surprising comment recently that oil from Alaska  
> has been
> cut in half over the last decade, and that they now have to heat  
> the ground
> to get it to flow.  Guess that means that Alaska is pass it's  
> peak.  Also
> going further out into the ocean to drill, and this could cause  
> problems
> with some 'rule of the sea' being pushed by world government  
> types.  Again,
> a senior moment trying to recall details.
>
> John
>
>
>
>> To: trams2 at comcast.net; bbente at bellsouth.net;
> pittsburgh-railways at dementia.org; alschneider2 at juno.com;
> philgcraig204 at yahoo.com; jdeshlemanmd at aol.com> From:
> fwschneider at comcast.net> Subject: [PRCo] Inflation> Date: Sat, 5  
> Apr 2008
> 15:56:05 -0400> > In the Shuman slides I came across a color slide  
> of a
> Pittsburgh > Railways route 60 trolley car passing a gasoline  
> station in
> Homestead > in 1958, almost 50 years ago. The price at the pump for  
> regular
> was > 29.9. If we work with the idea that inflation normally moves  
> the >
> decimal one place in fifty years, that would jack it up to $2.99 >  
> 9/10s
> today. Add a little more for the added costs of unleaded and >  
> perhaps $3.10
> or $3.20 is reasonable ... we're right in the ball > park, aren't we?
> (Understand that I'm not even considering using > the consumer  
> price index
> in my thought process because it is adjusted > to consumption and  
> doesn't
> reflect raw inflation.)> > But very little of the liquid fossil  
> fuels we
> burn are pumped out o!
>  f > the ground in the U. S. What stuns me is that we are buying  
> foreign >
> oil in dollars and the U. S. dollar has gone to hell in a hand  
> basket >
> thanks to our borrowing to run our government, borrowing to give tax >
> refunds, the collapse of our mortgage market, etc. It is worth >  
> about 59%
> of what it was against the Euro just ten years ago. We've > lost  
> about 20%
> against the Canadian dollar in the last year and they > are the  
> largest
> source of oil in North America.> > The independent truckers want to  
> strike
> because the price of fuel is > up but all I can see is something  
> far less
> than normal inflation. > If we adjust that inflation to the loss in  
> the
> value of the dollar, > then our gallon of gasoline should be somewhere
> between $3.84 and > $5.12 a gallon depending on where we buy the  
> crude oil
> and No. 2 > diesel, which is taxed to a greater degree, should be  
> about 25
> cents > a gallon more.> > Somebody want to tell me what I'm not  
> seeing? Was
> there a lot of > markup in the !
>  price of fuel 50 years ago that isn't there today? > Have the oil  
> comp
> any's sacrificed investment to keep the price at the > pump low?> >  
> fws>
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