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are you guys see a huge price gap between cash/credit for gas?

brainhulk

brainhulk

Diamond Member
http://newyork.cbslocal.com/2012/04...d-cash-up-to-2-a-gallon-at-some-l-i-stations/

Drivers paying with credit could be dishing out up to $2 more a gallon at some gas stations. At one Gulf station in Medford, gas is going for $3.99 a gallon if paying with cash, but $5.99 a gallon is using credit.

The prices differences aren’t sitting well with drivers.

“I think it’s a joke,” one driver told WCBS 880′s Mike Xirinachs. “We’re going to lose the credit card company, charge them a few cents to use it and they’re going to charge you $2? It’s ridiculous.”

The cash-credit gap has lawmakers speeding up legislation designed to make consumers more aware of the price disparities. One bill would require the credit price to be posted on curbside signs if it’s more than seven percent above the cash price.

“There are a lot of consumers who are getting ripped off at the pump right now,” State Sen. Lee Zeldin, who chairs the Senate’s consumer affairs committee, told 1010 WINS. “There are a number of various solutions that are being proposed.”

Zeldin said those stations charging a $2 differential are “giving the industry a bad name” by “deceptively luring customers” when not visibly posting the credit price on curbside signs.

In the meantime, Ed from Yaphank said he’s sticking to a cash only policy.

“You buy it, you go and you don’t have to worry about that,” he said. “Cash is the way to go.”

Last month, a spokeswoman for Suffolk County consumer affairs says they’ve received complaints about rising credit prices that can’t be seen from the road, but said the practice is perfectly legal.
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I thought this was not allowed by the CC company if the price displayed is not what it costs for both?

Granted they can hang signs up by the pumps saying it's a few cents cheaper a gallon if you pay with cash but not having the price different on the normal sign like that.

Also does the actual pump price say different for both as I have not seen those as they generally only display one price and if paying by the CC rolls up different from the receipt you get from the machine / paying the employee inside then what the machine says you can bet I will be doing something about that?
 
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Not seeing anything like this on the Cape, but then again, while Cape Cod's prices border on highway robbery, at least they don't act like outright thieves.
 
I don't know where they are finding these stations. It is against Mastercard and visa regulations for there to be separate prices for cash and credit. One complaint and their ability to accept credit cards can be pulled.
 
I think the point is, they don't want to accept credit cards. Gas stations operate on razor thin margins as it is.
 
The few places around here that do do that (Citgo, BP) it's only 3 cents. And they both say on their curbside signs "Cash Price."
 
I can count on my hand the number of times I've used a credit card to buy gas. Cash has always been convenient to me for gas, groceries etc. I only use credit for online or expensive B&M goods.
 
DrPizza said:
I think the point is, they don't want to accept credit cards. Gas stations operate on razor thin margins as it is.
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So can't they stop taking it or are they forced to take them if part of a chain?

If people don't like it as they want to use a CC get a atm for them to get cash inside the place.
 
Dulanic said:
I don't know where they are finding these stations. It is against Mastercard and visa regulations for there to be separate prices for cash and credit. One complaint and their ability to accept credit cards can be pulled.
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They probably call it the price with the cash discount applied, making it allowable with the rules.
 
Where I live the cash/credit price has always been the same. :awe:

I'm downstate in Ann Arbor at the moment and it seems like pretty much every station has different cash/credit prices, though they aren't anything near $2 in difference. We gassed up earlier this evening and it was $3.85 cash and $3.94 credit.
 
Dulanic said:
It's stupid.... It costs them more to pay the extra cashier vs pay at the pump which takes no employee.
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Well the cashier will usually be there no matter what and if they are forced to have the gas price at a certain price and the fee for a person using a CC is enough to make it not worth the time then I guess that's the issue.
 
God Mode said:
I can count on my hand the number of times I've used a credit card to buy gas. Cash has always been convenient to me for gas, groceries etc. I only use credit for online or expensive B&M goods.
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i use cash so infrequently that i forgot the pin number to my ATM card and had to have them send me a new one, had to wait 3 days to get cash by writing myself a check
 
God Mode said:
I can count on my hand the number of times I've used a credit card to buy gas. Cash has always been convenient to me for gas, groceries etc. I only use credit for online or expensive B&M goods.
Click to expand...

It's more convenient to go into the station, wait in line, and pre-pay with gas after stating the pump number, than it is to swipe a card at the pump?
 
I see this shit happening in local stores now. They advertise a 3% surcharge when buying clothing in a few stores here in The Bronx. It sucks because we are currently on a tax break from any clothing under $110. The stores are just gouging and people are sucking it up because they aren't paying sales tax anyway.

It's getting out of hand. For the first time in about 10 years, I carry cash in my pocket now solely to buy gas.
 
I've never see it done at gas stations, or most stores. Only at a few mom and pop restaurants. Canadians would put up too much of a stink, as we're apparently the top credit and debit card users in the world. Companies just eat the cost. As for gas, when you already pay 30% tax on it, any company that would slap such a surcharge would just be asking for a fight.
 
Probably this is because of the new rules for credit/debit transactions that "everyone" was screaming about wanting. The cost of the transactions is probably now being shifted more obviously to the consumer.
 
DAGTA said:
It's more convenient to go into the station, wait in line, and pre-pay with gas after stating the pump number, than it is to swipe a card at the pump?
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Well if you go to a pre-pay but then again we have none of those around here.

Going in and grabbing a pop and pay for both is usually what I do.
 
I saw this in Florida at a few stations while visiting there. I think there was a 3 cent difference. Around here (TX) prices are the same no matter how you pay.
 
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