[PRCo] Re: Inflation on Gasoline
Jerry Matt Matsick
mtoytrain at bellsouth.net
Mon Apr 7 09:09:21 EDT 2008
All the WalMart Supercenters give .03 cents off if using their "Cash" Cards, if I drove up and purchased
gasoline with money, I will pay .03 cents a gallon more? Is this correct or fair?
--
>From the River City by the Sea!
Jerry "Matt" Matsick
"Jacksonville"
-------------- Original message from "Howard Andrews" <hwandrews at wowway.com>: --------------
> Don't know. I would assume for large volume retailers (i.e., the
> supermarkets) they get better rates than little guys like me when I had the
> business.
>
> Howard
>
> On Sun, 6 Apr 2008 22:30:19 -0400, Fred Schneider wrote
> > So, Howard, how the hell does a supermarket make money on people who
> > use debit or credit cards when most food is sold on margins as
> > small as a few percent? Do they make it up on cat and dog food?
> >
> > On Apr 6, 2008, at 8:02 PM, Howard Andrews wrote:
> >
> > > As far as I know it is. But the trick is, you get a discount for
> > > cash, not
> > > a surcharge for using Credit.
> > >
> > > Many of the Gas Station here in the Detroit are doing the 2 tier
> > > pricing -
> > > one for credit, one for 'real cash' (as opposed to debit card).
> > >
> > > Don't know what it is today, but in the late 1990 when I was
> > > running my
> > > photography business taking credit cards as expensive. I was
> > > paying $50 per
> > > month just to have the account, then $0.50 per transaction plus
> > > 2.5% off the
> > > top for every transaction.
> > >
> > > I don't know what the margin is for the operator - but I do know
> > > it's slim.
> > > So if you give the credit card company a transaction fee then a %
> > > that can
> > > eat away your margin real quick.
> > >
> > > Howard
> > >
> > > -----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, 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>
> > >> _________________________________________________________________
> > >> Use video conversation to talk face-to-face with Windows Live
> > >> Messenger.
> > >> http://www.windowslive.com/messenger/connect_your_way.html?
> > >> ocid=TXT_TAGLM_WL
> > >> _Refresh_messenger_video_042008
> > >>
> > >>
> > >>
> > >
> > >
> > >
> > >
> > >
>
>
> Thanks,
> Howard Andrews
>
>
More information about the Pittsburgh-railways
mailing list