TITLE

The Cost of Credit

AUTHOR(S)
Francella, Barbara Grondin
PUB. DATE
November 2004
SOURCE
Convenience Store News;11/22/2004, Vol. 40 Issue 14, p41
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article presents information related to the cost of credit. As the price of gasoline continues to climb, gasoline retailers are wincing as their gross profits are swiped away by a growing number of customers using plastic to pay for their motor fuel purchases. While high per-gallon retails have pushed up the industry's gasoline sales figures, c-store operators are paying substantially more in credit and debit merchant fees even as many experience stagnant or declining gasoline volumes. The credit/debit fee burden is a huge issue, said Bill Douglass, NACS chairman and CEO of Douglass Distributing Co., a fuel wholesaler and retailer based in Sherman, Texas, which operates 10 c-stores and 150 dealer sites. INSET: Other Retailers Feel the Pinch of Plastic.
ACCESSION #
15241332

 

Related Articles

  • Motor fuel/gasoline.  // National Petroleum News;Mid-Jul99, Vol. 91 Issue 8, p88 

    Presents data concerning the gasoline and motor fuel industry in the United States in 1997 and 1998. Gasoline consumption by month; Gasoline consumption trends from 1996 to 1998; Gasoline consumption by state in 1998.

  • The In-Store Growth Cushion. Azzato, Maureen; Longo, Don // Convenience Store News;5/29/2006, Vol. 42 Issue 7, p3 

    The article presents information on the Convenience Store News (CSNews) Industry Report. The report features the industry's most robust and comprehensive information for retailers to measure their success and plot future strategy. The forces that have besieged convenience store retailing for the...

  • Motor Fuel Gallons and Gross Margin Per Store.  // National Petroleum News;Mid-Jul2003, Vol. 95 Issue 8, p110 

    Presents a chart depicting motor fuel gallons and gross margin per store from 1998 to 2002.

  • Duty freeze leaves traders unmoved. Mannering, Robin // Convenience Store;7/6/2012, p12 

    The article reports that forecourt retailers doubt the impact of the duty freeze on consumer spending even while they welcome the deferral of the increase in fuel duty.

  • CEE fuel retailing: network rationalization over expansion.  // MarketWatch: Food;Sep2005, Vol. 4 Issue 9, p24 

    The article focuses on Central and Eastern Europe (CEE) fuel retailing. The research reveals that motor fuel consumption grew by an average of 3.4% between 2000 and 2004 in the Czech Republic, Hungary, Poland and Romania, compared with CEE average of 2.8%. Czech and Hungarian players are raising...

  • Hydrogen-free domestic technologies for conversion of low-octane gasoline distillates on zeolite catalysts. Velichkina, L. M. // Theoretical Foundations of Chemical Engineering;Aug2009, Vol. 43 Issue 4, p486 

    This review is devoted to the problem of the Russian domestic manufacture of high-quality motor fuels using hydrogen-free catalytic conversion of straight-run gasoline on zeolites with a high content of silica. A comparison of traditional and newly-developed procedures and catalysts is performed.

  • Taxes.  // National Petroleum News;Mid-Jul99, Vol. 91 Issue 8, p132 

    Highlights data on state and federal motor fuel taxes in the United States as of April 1, 1999. State gasoline tax rate; State sales tax; Net motor fuel revenues by states from 1988 to 1997.

  • SIGMA 2002 Statistical Report.  // National Petroleum News;Mid-Jul2003, Vol. 95 Issue 8, p120 

    Reports on the continuing change in the motor fuel marketing industry reflected in the annual statistical report of The Society of Independent Gasoline Marketers of America (SIGMA). Number of gallons of motor fuel sold in the U.S.; Quick reference data from SIGMA's 2003 statistical report; 2002...

  • Ethanol lobbyists display political clout in renewing the fuel's tax subsidy.  // Chemical Market Reporter;11/30/98, Vol. 254 Issue 22, p25 

    Reports on a lobbying campaign by the ethanol industry in the United States that preserved the federal subsidy for the corn-based motor fuel. Tax break given to marketers of gasoline blended with ethanol; Persuasion of the United States Congress to extend federal subsidy for ethanol until 2007;...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics