View Single Post
  #8  
Old 07-24-2008, 05:44 PM
TimG TimG is offline
Yenko Contributing Member
 
Join Date: Sep 2001
Location: Austin, TX
Posts: 4,462
Thanks: 1
Thanked 2,425 Times in 948 Posts
Default Re: Do you think this will lower the price of gas?

Retailers really don't make much on a gallon of gas, that's why they hold the prices when fuel goes down and increase them immediately when the price goes up. An independent retailer may make ten cents per gallon, when a credit card company charges them 3% of the cost of a gallon of fuel they cut into that margin by about 100%. Retail fuel sales is a tough business, they need to have you buy all the inside the store items to make it because they don't make much on the fuel.
Reply With Quote