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Author Topic: Cash may be king... but don't let it cost you Back to Topics
PD
Moderator
Message Posted: Apr 4, 2012 2:07:38 PM

You've probably had this happen to you: You see a gas station with a price that's low enough to get your attention and you drive in thinking you're saving a little compared to the stations you just passed.

Then you swipe your card at the pump and you realize you've been fooled. You go inside to the cashier to ask what's going on and they probably point to a sign the size of a postcard that says the price posted on the marquee is for cash transactions only.

Now, we've learned from well-informed sources that a prominent retail gasoline and convenience store chain in the Great Lakes region, which always had the same price for cash or credit, is announcing a 5-cent per gallon discount for April when customers pay cash. Maybe...

Visit GasBuddy Blog for full article
REPLIES (newest first) Topic is locked
20Yoleven
Champion Author New Jersey

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Message Posted: Sep 26, 2013 10:39:17 AM

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CMLVI (956) - Consecutive Days

CLXLIX (149) - New Jersey Ranking ««««« NJ*NJ*NJ*NJ «««««

Day CCLXXVI (276) - 6th Mayan Long Count Calendar
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== » "Hello, I must be going...!" «®ª©ê©ª®» ¹²³¹
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+
conschoice
Rookie Author West Virginia

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Points:5,570
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Message Posted: May 2, 2012 8:40:50 PM

Try using the same gas stations that you can trust. Also find out if there is any rewards program connected with it... if so, get signed up on it and make a habit of getting your rewards on each purchase or with the better programs you can take cent up to dollars off and in some cases fill up free if you get good enough at it.
naidu72
Sophomore Author California

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Message Posted: Apr 20, 2012 11:32:31 AM

sneaky
johnnym1980
Rookie Author Toronto

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Message Posted: Apr 15, 2012 3:05:52 PM

Never heard of this!
Such a rip off!
olive2trvl
Sophomore Author Philadelphia

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Message Posted: Apr 13, 2012 11:53:07 AM

RE: leanster (nice first post) and 20Yolenven

I take ccards (not at a gas station) which cost anywhere from 1.93 to 2.7 or 3.5 % per cc swipe and a few pennies per debit swipe.
Plus, many/most merchant service account charge a monthly, quarterly or annual fee on top of that.

Wawa works on a huge volume and non-branded gas.
They make lots of money off of their food and other items and this offsets the bare bones price of fuel.
(My friend works for Wawa, their corp. HQ is just west of Philly)
They attract people to gas up then offer food/bev/sundries.
They used to just be a dairy.....

The individual station owners do not have that huge infrastructure to support them.
me2002
All-Star Author Toledo

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Message Posted: Apr 13, 2012 10:31:30 AM

If you don't want more stations charging a higher price for credit you need to start contacting the financial institutions that process the transactions.
The added cost of the the transaction fee is why the station I work for charges more. Its simply economics. The gallon of fuel sold via credit card has a higher cost. The result is a higher price.
The consumer ultimately decides where to buy.
But do not expect this trend to disappear as costs increase for transactions so will the price at the pump for those transactions.
albert2008
Champion Author Winnipeg

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Message Posted: Apr 13, 2012 9:11:31 AM

just a rip off
pig12
Veteran Author Boston

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Message Posted: Apr 13, 2012 6:37:48 AM

Always cash
jetskijerry
Champion Author North Carolina

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Message Posted: Apr 13, 2012 5:51:53 AM

If they charge extra for credit, they don't get my business
jetskijerry
Champion Author North Carolina

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Message Posted: Apr 13, 2012 5:51:27 AM

I won't bite
jetskijerry
Champion Author North Carolina

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Message Posted: Apr 13, 2012 5:51:03 AM

They can't dictate this to me..
SavingInNC
Champion Author North Carolina

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Message Posted: Apr 13, 2012 5:24:08 AM

For sure
Donatelo
Champion Author Dayton

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Message Posted: Apr 11, 2012 1:25:54 PM

k
valueman10
Veteran Author Minnesota

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Message Posted: Apr 11, 2012 11:57:41 AM

Cash can be king just have to find out first so not stung by??????????????
gwaiiguy
Rookie Author British Columbia

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Message Posted: Apr 11, 2012 4:02:19 AM

keep your cash in your mattress and wallet (or buy gold like smart savers) not in some bankers pocket where it costs you way more than you'll make on interest
Cummins2500
Champion Author Iowa

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Message Posted: Apr 10, 2012 2:53:44 PM

BJWI,

You need to find a new Credit Union, mine will reimburse me for all ATM fees.
BJWI
Champion Author Milwaukee

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Message Posted: Apr 10, 2012 12:51:29 AM

Cash discounts are only given if you pay with really cash, not electronic cash such as debit cards. I learned that lesson the hard way. The $5.00 service charge to use the gas stations ATM machine resulted in me spending more money to fill up than it would have been if I selected pay at the pump using credit card. I will never repeat that lesson. I stop at the credit union's ATM machine to withdraw cash without a fee before filling up and paying with cash.
TreasuryGuy
Champion Author California

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Message Posted: Apr 9, 2012 7:04:11 PM

If the gasoline price, cash or credit, makes sense to you, then you should buy gas there using the payment method that minimizes your total costs. If the price doesn't make sense to you, then you should buy your gas elsewhere.

That is a separate decision than getting cash. If you plan well, you can get cash at your own bank or credit union ATM for free. Somehow linking cash gas pricing to ripping off the consumer at the convenience store ATM is a completely wrong assertion.

The CONSUMER decides whether or not to pay cash or credit, NOT the merchant. The CONSUMER should do his own calculation to the payment method to minimize his overall costs. You seem to be implying the merchant is wrong by having an ATM at his place of business.
clpassenubye
Champion Author Los Angeles

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Message Posted: Apr 9, 2012 12:04:25 PM

yes
albert2008
Champion Author Winnipeg

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Message Posted: Apr 8, 2012 9:05:34 AM

go to bank before filling up
honda0105
Champion Author Tallahassee

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Message Posted: Apr 8, 2012 8:19:00 AM

leanster: thank you for chiming in on the cost side from a station owner. Always nice to have both perspectives.
CooBrang
Champion Author Los Angeles

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Message Posted: Apr 7, 2012 8:15:03 PM

"Cash is KING!"
leanster
Rookie Author San Jose

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Message Posted: Apr 7, 2012 1:43:37 PM

20Yoleven,

You say to do the math on the 2% thing. Here in CA, gas is 4.25 / gallon. So the 2% credit card fee is 8 cents to the gas station owner. So 6 - 10 cents per gallon is not exactly "way more than 2%", but rather right in line with it. According to the heat map, NJ is probably around $3.80 / gallon, so there the 2% CC fee would be 7.5 cents.

Please remember Gas Buddy subscribers: The lowest profit taker in the fuel supply food chain is the gas station owner. And they are often carry the greatest cost burden for maintaining all the necessary envoronmental safeguards for pumping gas. Also, the sales tax is built in to the advertised price, so the higher the price per gallon, the more sales tax the station has to account for and pay. So try not to be so hard on them when they try something to earn an additional couple pennies per gallon.

Full disclosure: I own a gas station in California. I offer the same price for cash or credit.
N5EXY
Champion Author Austin

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Message Posted: Apr 7, 2012 9:43:35 AM

Free enterprise.
albert2008
Champion Author Winnipeg

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Message Posted: Apr 7, 2012 9:12:22 AM

cash is back
honda0105
Champion Author Tallahassee

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Message Posted: Apr 7, 2012 7:56:24 AM

Pollock: you can always add a note to the station after you accummulate a certain number of points.
20Yoleven
Champion Author New Jersey

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Message Posted: Apr 7, 2012 7:40:27 AM



Cummings2500:

You are absolutely right on the money with your facts on this matter.

For convenience, I use my debit card for almost every transaction
I make, especially gasoline. There ARE stations in my area that DO
offer 'fee-free' purchases, be it a popsicle or a fill-up of fuel.
Here in NJ, we have a perfect example in the "Wawa" brand
convenience stores, which seem to be popping up everywhere.

Wawa has has been a top-notch convenience store in the Greater
Delaware Valley for years now. Only in the last ten years or so
have they gotten into the gasoline (& now diesel) retail business.

They now build what they call 'Super Wawas', which consist of an
expanded store, with the usually excellent deli & legendary coffee,
and a larger, tastefully landscaped property, including four or
more covered fuel islands, sporting 16 total or more pumps.
The property is kept immaculate, the employees are amiable 99%
of the time (they are, keep in mind, humans), the prices are
reasonable, & service is quick & quality top-notch.

Bottom line, the gasoline & diesel is high quality,
always competitively priced, and CARD OR CASH, ALWAYS SAME PRICE.

So, my question is: How the heck can they do this, and 90%
of the major-branded stations around here charge 6-10+ cents/gal.
for fuel (that comes from the same tanker trucks)?

I don't regret any station manager trying to make a profit, but
NOT extra profit on the CC fees, which are about 2% to them.
DO THE MATH: 6-10+/gallon is way more than 2%.....!

Crikey! Pay attention to these offerings and SAVE your money.
;)
^

sparky808
Champion Author Honolulu

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Message Posted: Apr 6, 2012 6:58:14 PM

Thank you for posting.
POLLOCK
Rookie Author Pennsylvania

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Message Posted: Apr 6, 2012 6:25:49 PM

maybe a marker or color between cash/debit or credit in gas price posts on gas buddy thank you
phreddy
Rookie Author British Columbia

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Message Posted: Apr 6, 2012 3:10:12 PM

While I generally use a credit card, which gives me a percentage towards my BCAA membership, I'm not adverse to using cash ir the saving is great enough.
Cummins2500
Champion Author Iowa

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Message Posted: Apr 6, 2012 1:56:45 PM

20Yoleven,

FYI few stations are set up to accept debit card thus debit cards are run as credit and it cost the station the same amount as a credit card.

All that should matter to a person is if you pay by card be it debit or credit go to the station who has the lowest price for paying with your card, those who pay with cash go to stations who will give them the lowest price for paying with cash, that way its a win win for everyone, remember no one has the right to limit how a person pay's for something or how a person should run there business.
Donatelo
Champion Author Dayton

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Message Posted: Apr 6, 2012 12:23:22 PM

ah
MopedTime
Champion Author Michigan

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Message Posted: Apr 6, 2012 11:49:05 AM

I don't own any credit card any more. I used Shell Saver card which saved me 2 cents/gallon. If their racing team won, they give 22 cents off per gallon on Wednesday. The purchase price was taken directly from my bank account the next day.

There might me better oil company cards out there that I was not aware of.
gawxnative
All-Star Author Atlanta

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Message Posted: Apr 6, 2012 10:24:31 AM

Here must post full price..then any discount is aken off at point of sale
20Yoleven
Champion Author New Jersey

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Message Posted: Apr 6, 2012 10:22:03 AM



Blog, blog, blog...Enough of this weak BS!
How 'bout it GasBuddy?

GIVE US SOME FREAKIN' HELP & SEND OUT THE CASH/CARD SOFTWARE!!!

Yeah I was yellin'...so what. Your lastest vague price posting policy
has left the membership out here at each others' throats with
personal opinions on this, and, not fer nothin', THE GAS PRICE LISTINGS
ARE IN SHAMBLES! Happy now?

Your attitude seems to be:
"Keep the membership confused & uninformed...the rumbling adds
some spice to the day---not to mention the free publicity!"

Hey, whatever blows yer skirt up.
NOW, GET OFF YER BUTTS & ADDRESS THE REAL PROBLEM, WILL YA???

See that...youz made me yell again. I really hate when that happens...
;)
+
BTW:
Using a DEBIT card receives the same BS penalty (at least
in NJ, where there is NO self-serve). Hey, a card is a card
is a card (to the BS station operators), even though a debit
card debits your checking account, SAME AS CASH.
That's messed up.
+
albert2008
Champion Author Winnipeg

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Message Posted: Apr 6, 2012 9:37:21 AM

cash is nice
jimraehl
Champion Author Utah

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Message Posted: Apr 6, 2012 6:36:32 AM

Pay attention to the gas station tricks.
tomok
Champion Author Portland

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Message Posted: Apr 6, 2012 4:23:00 AM

Cash may be king... but don't let it cost You. You HAVE to read the street signs and the pump price BEFORE you fill the tank. Make sure you know what the price per gallon is and what is needed to get that price: cash, debit or credit.
I use a credit card, with cash back, to purchase everything AND it's paid off every month. There are NO interest charges to use their money for the billing period! And, I only go to gas stations that have the same price for fuel when using cash, debit or credit.
When posting fuel prices on this web site, place a comment in the 'comments box' for that gas station what the price posted is for – cash or credit. That's so people know what the method of payment is before traveling to that gas station to get that price.
Cash was here many years BEFORE credit cards and was usually considered the normal method of payment then. Cash is what the moderators have a hard time understanding.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible.
The price of fuel at the pump is too high!
12/22/2012!
jetskijerry
Champion Author North Carolina

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Message Posted: Apr 6, 2012 1:14:02 AM

I refuse to buy where you can't use credit!
clpassenubye
Champion Author Los Angeles

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Message Posted: Apr 6, 2012 1:03:54 AM

Oh well
tes283
All-Star Author Tampa

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Message Posted: Apr 5, 2012 11:01:04 PM

"size of a postcard" - ya that is the size of it. So when is Gas buddy going to have a spot for cash discount prices?
Reishman
Veteran Author Illinois

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Message Posted: Apr 5, 2012 10:24:14 PM

I don't trust cash.
Pete12
Champion Author Albany

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Message Posted: Apr 5, 2012 8:22:30 PM

Many of the people in Gas Buddies post the wrong price for the same reason. If you are in your car you have to pull through the pumps and see the credit price. Credit price, if different, is the price we are supposed to post.
Colts13
Champion Author Indiana

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Message Posted: Apr 5, 2012 8:13:02 PM

ok
Alfied
Champion Author Riverside

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Message Posted: Apr 5, 2012 4:27:41 PM

Marketing 101.
olive2trvl
Sophomore Author Philadelphia

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Message Posted: Apr 5, 2012 4:22:06 PM

It is a violation to post a higher price or a surcharge for credit payments.
A business may only offer a discount for cash.
I have a business, so I need to do the same.
I pay 2.7% per transaction.
carloco75
Champion Author Richmond

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Message Posted: Apr 5, 2012 4:06:07 PM

http://pure-gas.org/

http://www.thepetitionsite.com/1/keep-pure-gas/

Search: pure gasoline
01DuraMAX
Champion Author Tacoma

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Message Posted: Apr 5, 2012 2:55:20 PM

I have seen this evolve greatly over the last few months, Now lots of stations are posting Cash Only prices.
Ebaz
Champion Author Oklahoma City

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Message Posted: Apr 5, 2012 2:52:33 PM

Capitalism is awesome!
bluetatanka
Champion Author Philadelphia

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Message Posted: Apr 5, 2012 2:48:45 PM

What a sham!
REKEY
Champion Author South Carolina

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Message Posted: Apr 5, 2012 2:47:02 PM

You ran this yesterday!
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