[PRCo] Re: Inflation

[Fred Schneider]

So if it is illegal to charge for credit but not illegal to discount  
for not using credit, that sounds like twisting the truth to me.   I  
wonder what the courts would say if you sued.   Won't happen because  
no one has the cash to push the suit all the way to the supreme  
court.   As soon as you do they'll find another way to rip you off  
anyway.

On Apr 6, 2008, at 7:41 PM, <bob at dietrichsfam.com> wrote:

> 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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