Gas Retailers Feel Pain at the Pump From Credit Card Fees
Posted by Timothy Haves on Apr 27, 2012 in Blog | Comments Off on Gas Retailers Feel Pain at the Pump From Credit Card Fees WASHINGTON, D.C. — While it is easy to believe that gas retailers are making a profit every time the price at the pump ticks up a few cents, the reality is operators lose money, according to the Merchants Payments Coalition (MPC). The Oil Price Information Service recently reported gas stations took in 13 cents a gallon in gross profit — before taxes, payroll and other overhead...read more