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Life in the Golden State....


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Damn!! I thought $3.30 was high!!

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I paid $3.09 yesterday and they’d jacked up the prices to gouge the eclipse traffic!!

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Have you ever noticed that when gasoline prices rise Diesel doesn't follow suit?  Sam for when gasoline prices fall,  diesel doesn't fall any if at all.

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I see they are still allowing the scam of cash vs credit pricing.

That has always bugged me. If you buy goods at a gas station they do not increase your price if you use a credit or debit card, yet they claim there are fees to process card payments at the pump. 
 

Wait…I felt my BP rise. 
 

This affects me in no way now. Gotta go……..

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45 minutes ago, Pat Riot said:

I see they are still allowing the scam of cash vs credit pricing.

That has always bugged me. If you buy goods at a gas station they do not increase your price if you use a credit or debit card, yet they claim there are fees to process card payments at the pump. 
 

Wait…I felt my BP rise. 
 

This affects me in no way now. Gotta go……..

 

That one's actually correct - more or less.

 

I worked in the bankcard industry for about 22 years; literally started in the mailroom for the original MasterCharge company and ended my career as the Merchant Settlement Manager for a little bank in San Francisco (mebbe Bank of America?).  There, my department processed on average $50 - $60 million a day in deposits in 1990 dollars (over $140 million today).  Processing these transactions through an "Inter-Bank" system is unbelievably complex, and it ain't free.  During my last year with that li'l SF bank three of my management colleagues literally died, and I ended up in the cardiac ward.  I was still in my 30's.  Which was why I traded a high-paying, high-stress career for a "job" and a simple life in the country.

 

Anyway, the merchants are charged a fee, ironically called the "merchant discount rate," for every transaction - typically ranging from 1% - 3%; potentially higher in riskier areas.  Early rules forbade the merchants from passing on the cost by raising the price of goods or services paid for by card; eventually, however, businesses figured out that instead they could offer customers a true "discount" for cash transactions.

 

Fuel companies find it simpler to use a flat fee of about a dime or so per gallon.

 

 

 

 

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I get gas from BJs wholesale club. They’re 15-20 cents lower than anyone around here. I paid $3.06 Sunday

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