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cash vs. credit at jersey gas stations

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One Sweet World Donating Member (323 posts) Send PM | Profile | Ignore Fri Aug-17-07 08:10 AM
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cash vs. credit at jersey gas stations
Would you use cash to get cheaper gas?
http://www.courierpostonline.com/apps/pbcs.dll/article?AID=/20070810/NEWS01/708090389/1006/rss01

Fill it Up and Save with Cash Payment
"Cash is king at about 15 percent of New Jersey's gas stations as retailers struggle to hold onto slim profits instead of siphoning them off in fees to credit card companies.

Making the switch from credit to cash was a no-brainer for Yvonne Stephens of Cherry Hill.

"To save 3 cents a gallon, I'll pay cash. I'm no dummy," said Stephens this week as she waited with a $20 bill at a US Gas station in Cherry Hill.

An eye-catcher at the corner of Kresson and Brace roads, the station's marquee spells out the two-tier pricing structure. Pay cash for regular gas at $2.51 a gallon, or pay $2.54 with a credit card. Pay $2.78 for premium gas with cash and $2.83 per gallon with plastic.

The choice has boosted cash sales at least 20 percent since it began in June, said station owner Gary Mathoan.

Not only are consumers happier, but Mathoan is happy to pay 20 percent less than the $5,000 a month he generally pays in credit card fees....(more)"
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