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PeakOil is You

US drivers use credit cards to manage gasoline pain

Discussions about the economic and financial ramifications of PEAK OIL

Re: Some Gas Stations Refusing Credit Cards

Unread postby jasonraymondson » Thu 19 Jun 2008, 14:27:28

Personally, I think employees should all have guns available to them.

Another way to cut down on crime is to give people who steal, fitting punishments. I say we start cutting off their hands and or giving the store / people everything the thief owns.
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Re: Some Gas Stations Refusing Credit Cards

Unread postby Dreamtwister » Thu 19 Jun 2008, 14:30:18

$this->bbcode_second_pass_quote('jasonraymondson', 'I') say we start cutting off their hands and or giving the store / people everything the thief owns.


You know, there are some countries that do exactly that. Now if only I could remember where they were...Oh yeah, the middle east!

Not disagreeing with you, just pointing it out.
The whole of human history is a refutation by experiment of the concept of "moral world order". - Friedrich Nietzsche
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Re: Some Gas Stations Refusing Credit Cards

Unread postby Tyler_JC » Thu 19 Jun 2008, 21:40:55

$this->bbcode_second_pass_quote('alokin', 'F')unny - one of the first things of the modern society which crashes...
What about savings cards? Is this the same fraud?


This has nothing to do with society crashing.

It has to do with the economics of the gas station business.

When gasoline was $1.50, people were willing to pay $1.60 if they have to.

Now that gasoline is $4.00. People are willing to pay $4.10 if they have to.

The problem is that that dime has moved from 6.6% in extra profit to only 2.5%.

Credit card fees didn't change, profit margins did.

Now the people selling gas for $4.00 are selling at a loss and they can't raise their prices because their neighbors are still selling for $4.00.

Everyone is waiting everyone else out.

Eventually enough gas stations will shut down that each station will act as a semi-monopoly. They can't charge more than it costs to drive to the next station.

But the modern model of 4 stations in a 200 foot radius is insanity.

How many times have you seen two gas stations across the street from each other charging different prices?

The cheap station can only survive if it can make up the difference in terms of food/beverage sales.

Credit card fees and competition are creating a perfect storm that will wipe out a large number of the over 150,000 gas stations in the United States.
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Re: Some Gas Stations Refusing Credit Cards

Unread postby smallpoxgirl » Fri 20 Jun 2008, 00:03:21

$this->bbcode_second_pass_quote('Tyler_JC', 'E')veryone is waiting everyone else out.

Eventually enough gas stations will shut down that each station will act as a semi-monopoly. They can't charge more than it costs to drive to the next station.


It's actually a pretty simple issue of supply and demand. Gas prices are up. Gas demand is down. Therefore the demand for gas stations is down. Just like truckers and airline pilots, some of them are just going to have to get squeezed out of business.

$this->bbcode_second_pass_quote('', 'H')ow many times have you seen two gas stations across the street from each other charging different prices?


The one that kills me is that, with all the buy outs, you'll frequently see two of the same kind of station across the street from each other. Two shell stations for example.
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