High gas prices are squeezing the gas stations, too – in particular, the rapidly rising credit-card fees, which can run around 3% of the total cost.
When gas was $2 a gallon, that meant a charge of 6 cents per gallon to the gas station for the convenience of processing the transaction. Now that’s up to 12 cents per gallon or more being skimmed off the top, and the markup on a gallon of gas is usually just a few cents per gallon.
The math ain’t working out for convenience store owners.
A gas station in Williamsburg is now trying to get consumers to stop paying with plastic.