Isn’t the percentage to the credit card company the same regardless of the amount of the charge, or, do we have factual data that a higher percentage of sales are now credit instead of cash. I’ve been using credit long before the run-up in price.
Yeah, but here is the deal. If a gas station tries to get 8 cents profit per gallon then at about $4.00 per gallon the profits are pretty much eaten up by the credit card charge of 2% since that would be 8 cents.