What is the advantage of charging cash prices at gas stations? Is it so they won't have to pay for credit card transaction fees? And also to pay less taxes since cash payments have no records? I don't like the fact that there are two prices. Sometimes I am low on cash and end up paying more with my credit card. ;(
gangstabarbie (rep: 11.1k) posted Feb 15, 2012
Gas is at 4.10 a gallon where I live so I just hedged it by going long on oil commodities. If you don't have that much money, then buy an oil etf. Wait until oil drops to a comfortable price and buy into the etf the same amount you spend on gas during th year. Then ur hedged and will always pay the same price lol I don't understand why ppl don't do that
kffight3r (rep: 712) posted Feb 16, 2012
Since you don't have any brand loyalty there are some stations that charge the same price cash or credit. Charging will get you points on your CC if you have a rewards program. Granted 1% it may not be much but when they offer 5% back during cycles on gas purchases, it helps.
An alternate way to use CC for gas and rack up points on CC is to buy gas gift cards in supermarkets and use the gas cards as a CASH purchase at the gas station of that GC name. That way you save on the difference at the pump.
chuckydealpl (rep: 45.4k) posted Feb 16, 2012
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