Truemorsgas price breakdown
Photo Properties
NP! ID: 1282522
Title: gas price breakdown
File Size: 242 × 260 – 16.1 KB
Created: Wed, 07/09/2008 - 2:55pm
Modified: Wed, 07/09/2008 - 2:55pm
File Type: image (png)
Most RecentMost Recommended Comments (3)
at 06:55 on August 11th, 2008
You forgot the credit card fees that also contribute to the price of gasoline. For most retailers, these fees are higher than their labor costs. The average around the country is about 70% of gas purchases are made on credit cards. These fees average 2.5% or more. So as gas prices go up, the credit card companies make more money for doing nothing. At $3.50 per gallon, a typical credit card purchase nets the card company about .08 cents per gallon.
at 11:15 on April 30th, 2009
hey thanks for this info this realy helped
at 07:23 on May 1st, 2009
That's a much better cost - tax structure than Europe's one. We pay up to 80% on taxes, and the CC cost are just peanuts compared to that. We even have two or three different taxes that are taxed again on top of each other. I won't bother you with he different names those taxes bear.