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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...
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Judge Can’t Help Dealers About to Lose Stations

“Powerless,” warns of “domino effect” of injunction in BP-dealer embroglio SAN DIEGO — A federal judge said she is “powerless” to issue a temporary restraining order to prevent BP from terminating the franchises of more than 100 ARCO and Thrifty dealers whose Southern California stations are to be turned over to independent refiner Tesoro. Judge Janis...
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Gas Prices Rise as World Literally Watches

LOS ANGELES — With news broadcasts in every corner of the country reporting on skyrocketing gas prices, one national news program caught it all on tape. During yesterday’s broadcast of ABC’s “World News” hosted by Diane Sawyer, a live spot from California proved a picture is worth a thousand words — if not more. News reporter Cecilia Vega began her story on...
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