Who Profits When Gas Prices Rise?
Even more, record breaking windfall profits from service station-charged interchange fees due to record gas prices at the pumps. Gas now over $100.00 a Barrel generates huge windfall for the credit card associations and its member banks who charge a pay as you go fee for most credit card transactions. Swipe your credit card at the pump and the card associations [Visa and MasterCard] along with their thousands of member banks win during our nation’s and the world’s economic energy crisis.
Recent WayTooHigh.com related articles
[commentary: WayTooHigh.com]