E85 Prices WTF!!!

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Jan 20, 2012 | 08:45 AM

#151

Mellon Racing

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From: Virginia Beach, Virginia

really, people are complaining about e85 prices? It's race gas! before e85 I was paying 10-15 dollars a gallon for race gas lol.

Jan 20, 2012 | 08:58 AM

#152

badev0

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From: Michigan

3.09-3.25 in my area depending where you go here in south east michigan... not bad at all, however, 2.19 was pretty nice back in the day, lol.

Jan 20, 2012 | 09:08 AM

#153

wjamyers

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Joined: Feb 2008

Posts: 1,171

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From: Falls Church, VA

Quote:

Originally Posted by escodotcarter

btw i hate gas stations that charge to different prices for cash and credit........so annoying because i never have cash on me .

I guess you must be paying for that convenience, huh?

It's actually unethical to have them be the same price. If they are the same price then cash payers are necessarily subsidizing card users.

Jan 20, 2012 | 09:13 AM

#154

wjamyers

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Joined: Feb 2008

Posts: 1,171

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From: Falls Church, VA

Quote:

Originally Posted by Donkeypuncher

The intent is to keep down the cost of the CC transaction becasue they have to pay a % of the transaction. What they probably do not realize is that when people like you and myself just do 2 transactions, they also have to pay a processing fee twice. Dumb move on their part.

the processing fee is a percentage of the transaction, thus, it's exactly the same whether you guy buy it in two purchases or one:

$50.00 * 1% = .50

or

$40.00 * 1% = .40
+
$10.00 * 1% = .10
= .50

Jan 20, 2012 | 11:27 AM

#155

wjamyers

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Joined: Feb 2008

Posts: 1,171

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From: Falls Church, VA

Quote:

Originally Posted by wjamyers

the processing fee is a percentage of the transaction, thus, it's exactly the same whether you guy buy it in two purchases or one:

$50.00 * 1% = .50

or

$40.00 * 1% = .40
+
$10.00 * 1% = .10
= .50

went back to double-check this...

I guess this is not correct and there are additional fees per transaction. but I'm sure they don't care since the fees are already factored into their prices, the payer ends up being the customer in any case.