Paying cash can save money at some gas stations
News from Scranton Times-Tribune:

As gasoline prices per gallon at $ 3-plus become the new normal, one way motorists can save money at the pump is to pay cash.

At the PSC gas station in Wilkes-Barre, a sign informs motorists the price of gas for cash users is $ 3.49 a gallon and the price for credit card users is 8 cents higher: $ 3.57 a gallon.

Gas stations are increasingly offering discounts for fuel purchases made with cash as merchants pay higher fees when people use credit cards, said Tom Kloza, chief oil analyst at Oil Price Information Service, and Jim Lardear, spokesman for AAA Mid-Atlantic.

More gas stations now display two price signs in plain sight: one for cash purchases and another for credit card and debit card transactions to outwit their competitors and to win more customers, Mr. Lardear said.

“On average, paying with plastic removes about 5 to 6 cents from the marketer’s pocket, so it makes sense that they charge less for cash,” Mr. Kloza said.

Motorists not pleased

Motorists interviewed at gas pumps were not happy with gas stations charging higher prices for credit card users.

“I think that’s ridiculous. They’re charging you to use your own money,” said JoAnne Heylek, 55, of Wilkes-Barre Twp.

Wilkes-Barre Twp. resident Bonnie Lehman, 55, who pumped gas Tuesday at the PSC gas station in Wilkes-Barre, said she pa…………… continues on Scranton Times-Tribune

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Related News:

Credit cards could lower travel costs
News from The Courier-Journal:

There are lots of ways to save money on your summer vacation. Go for one week instead of two. Drive instead of fly. Stay in a hotel with free breakfast and eat enough to last you until dinner.

But there’s another way to cut costs that won’t require you to stuff muffins in your purse. Pour yourself a cup of strong coffee and read your credit card agreement. While most cardholders are aware of their card’s airline miles and cash-back rewards, many are unaware that their credit card offers lots of other money-saving perks.

Rental car insurance

Optional collision coverage could add $ 15 a day or more to the cost of your rental car. There’s a good chance, though, that your credit card will cover costs that aren’t covered by your personal auto insurance policy.

To qualify for this coverage, you must decline the insurance offered by the rental car agency. You must also pay 100 percent of the rental car costs with your credit card, says Bill Hardekopf, CEO of LowCards.com.

Read your card agreement carefully to determine what the policy will cover. For example, some credit card coverage is limited to the cardholder, not other family members.

In addition, determine whether your card’s policy covers “loss of use,” a daily fee some rental car companies charge customers while a damaged car is in the shop. Most credit card insurance policie…………… continues on The Courier-Journal

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