Thursday, August 7, 2008

How to lower gas prices in your area

Around here, we are still paying over $4.07 for gas. In Idaho!!!!

Well, here's MY solution for all the local stations that will not drop the price to the national average: Make more than 1 credit card transaction at the pump when you fill up.

Sounds silly? Any merchant will tell you that they pay a PER TRANSACTION fee and percentage fee to the company that processes credit cards for them. If you make 5 different transactions at the pump for 10 gallons of gas total, the station will be paying 5
TRANSACTION FEES for your purchase! Those fees can be anywhere from 25 cents to 75 cents for each transaction. That should get their attention.

When the media reports that gas is going up, the stations hike the prices within hours. They didn't fill THEIR tanks at the higher price!!! And when gas goes lower nationwide, they say that they bought at the higher price and can't possibly sell lower until the current supply is sold. HOOEY!

If we could get a lot of people to do my little multiple transaction trick, I'll bet some local stations would drop their prices in a hurry!

And those that do quickly should be rewarded with a purchase in their convenience stores. They make much better profit on candy and soda anyway.

That's my 2 cents worth!

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