high gas prices again!

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Originally Posted By: Kestas
You mean you haven't bought a handful of Geo Metros to sell at $6K apiece this summer?



thats not a bad idea!
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man i hate those cars.
 
$3.39 today at my local 7-11, up 4 cents from yesterday. Yesterday the Marathon station up the street was $3.45, up 6 cents from just the day before.

I have a feeling this is going to get much worse before it ever gets any better, and even then I doubt we will ever see gas less than $3.00 a gallon again. There is way too much money and profit to be made by the speculators, traders, fat cat oil company execs, and everybody else associated with the oil and gas industry to lower prices to reasonable levels now, and not at any time in the future, either.

I wish I could be a fly on the wall at some of the fat cat oil execs' meetings. I can just hear it now:

"Hey, look...it's almost "summer driving season" again! And it's also very close to the time when we all switch from the junk winter blend fuel back over to summer blend loaded with ethanol! Just those 2 facts alone ought to be enough "reason" for the oil and gas industry to jack the prices up at least another dollar per gallon, don't you think?"

And they can do it too. They will have the blessing of certain people in certain occupations who can make even more money off of tax and regulatory revenues on the insane gas prices. I can't say who those people are for fear of the thread becoming political in nature.

However I can say without a doubt, I hate oil companies and the way they and the people connected to them use any excuse they can think of to stick it to the ordinary working people who are just trying to get by, make a decent living and support their families.

The oil and gas industry and their practices make me sick.

OK, rant is over.
 
I filled up today, $3.279/gal for Regular 87 octane at the nearby "no-ethanol" station. First fillup in almost a month, the last tank left me wondering if their gas really is still no-ethanol. Octane was off, that's for sure.

Cheapest local price I've seen: $3.249.
 
Originally Posted By: Jimmy9190
The oil and gas industry and their practices make me sick.

It's the practices of foreign state-owned oil companies, the U.S. government, and speculators that should make you sick:

Don't blame the oil companies

"It is true that some major oil companies have made huge profits, but this does not mean that they are responsible for the price of oil. When a consumer buys a gallon of oil, the company benefiting is more likely to be the national oil company of Saudi Arabia, Nigeria or Venezuela rather than Chevron, Shell or Exxon. About 86 percent of the world's oil is produced by state-owned oil companies. The reality is that the major U.S. oil companies are price takers: Their prices are set by the world market where they contribute smaller and smaller percentages of the world's production."
 
Sorry, I don't think the above statement exonerates the oil companies. Why is it when the price of oil goes up, the profits rise also?

Most other manufacturing has to absorb raw material price increases until they can find a way to pass it on to the consumer. If someone lobs a grenade in the Middle East, an hour later the prices go up 10¢ a gallon at my corner pump.
 
With all due respect, the statement about don't blame the oil companies does not matter much to me either. I agree 100% with Kestas.

The oil companies, Middle Eastern oil companies, oil execs, lobbyists and all the people involved in the oil business are all in it together. They all make record huge profits on the backs of everyday ordinary people who are having a very hard time making ends meet as it is.

The oil industry can offer up whatever explanations and excuses they like. They do that everyday anyway, and half of what they say is lies, and the other half is not true. They are all in bed together and for one reason: to continue making record profits, no matter what the human and/or environmental cost.
 
How 'bout the Establishment? The Wall Street crowd invests in oil, too. The Establishment profits from crude-price increases, also! There IS a "financial-chain-of-command", for those of you who didn't know. The bankers' bailouts, oil prices, foreclosures, etc., etc., etc., all are part of a conspiracy that's hidden in plain view, but that most folks refuse to acknowledge. Do you your homework, and discover a hidden world of Professional Racketeers, behind a façade of "Professional Financiers"!
 
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I wish my pay went up as fast as gas prices. I guess a new study is out that says the avg American makes less now then they did in 1980? Now is around $30,500 back then was avg $32,200 so you make less now, yet everything has near double in price. Most of us can't and may never win. :-( finding link.
 
Originally Posted By: Jimmy9190
The oil companies, Middle Eastern oil companies, oil execs, lobbyists and all the people involved in the oil business are all in it together. They all make record huge profits on the backs of everyday ordinary people who are having a very hard time making ends meet as it is.

Speaking of 'record huge profits':

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Perhaps 'everyday ordinary people' should reconsider their (over)consumption of beer and cigarettes in light of rising gas prices.

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Does your Mobil gas station charge more for credit card than cash? The one in town started doing that as of this week. The other gas station (Shell) is down for the tank replacement.

Between the regular increase and the credit card surcharge, the price went up by 35 cents between this and the last week.

- Vikas
 
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Call Visa/MC and complain. It is against their merchant agreement. If they continue charging different rate for CC transactions, they will lose ability to take credit/check cards. (I worked in the CC industry).

$3.62 for regular is the cheapest I've seen up here.
 
I recall seeing many gas stations (usually off brand) charging more for credit card. If it were not allowed by the merchant agreement, why does it keep on going?

Is there an 800 number which I can call to get the entity in charge of enforcing the merchant agreement?
 
You see it a lot here in this part of Florida. Sign by the street has one price, and there is a small dislaimer sign under it that says the posted price is for cash or xx brand gas credit card only. Or there is an even smaller disclaimer sign on the pump saying they charge more per gallon for debit card sales or for paying with a credit card other card from their particular gas brand. I refuse to buy gas from these places.

There is even a gas station over by the Orlando Airport that had no price-per-gallon signs posted. None by the road, none at the store, the only price sign is the one on the pump. And that price is always at least $1.00 more per gallon than the other local stations. Just a couple months ago they were on the news for charging over $4.00 per gallon and not posting the price. They are the last gas station before you get to the airport and they did this on purpose to gouge people who were returning rental cars at the airport. The local TV news exposed them and the station owners were running off at the mouth about how there is no local ordinance or law that requires them to post the prices. I think the county or city finally made them post prices but they are still ripping off a lot of unsuspecting people.
 
That's funny, since Florida state law EXPRESSLY prohibits CC surcharges.
Here is a link to the complaint page at Visa:
http://usa.visa.com/personal/using_visa/checkout_fees/index.html

And MC: http://www.mastercard.us/support/problems-using-mastercard.html

Sorry,I should have been clearer in my original post. It's been 7 years since I've had to deal with merchant agreements; things changed slightly, after looking at the links above.

Posted price has to be offered to all customers. A merchant may offer a separate cash discount, but can not tack on a separate CC fee.

Select merchants can apply and receive a waiver on charging extra CC handling fees. In the past (as in 7 years ago), usually only state, muni and fed agencies would qualify.
 
Florida law expressly prohibits a lot of things, but they still happen here every day anyway.

Most of the time you will find the extra surcharge for using credit or debit cards at the little convenience store type of independently owned gas stations. The name brand and national chain gas stations usually don't have the extra credit/debit surcharge.
 
This is why stations have a problem with credit/debit cards:

Credit Card Fees

Quote:
As gas tops $4 a gallon, that pushes fees toward 10 cents a gallon. Now stations, which typically mark up gasoline by 11 to 12 cents a gallon, are seeing profits shrink or even reverse.

In a good month, Randolph's small operation would yield a $60 profit on gasoline sales. But that's been buried as soaring prices forced the station to pay about $500 a month in interchange fees.

"At these prices, people aren't making any money," said Jeff Lenard, spokesman for the Alexandria, Va.-based National Association of Convenience Stores. "It's brutal."
 
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