The NACS's Jeff Lenard says the way you pay for your gas is slightly to blame for the prices at the pump... and may be hurting your bank account more than you know. "When prices go up, more people pay with plastic and that increases the fees," says Lenard.
Call it the cost of doing business. Lenard says gas stations get charged about 2 percent every time you use your credit or debit card to top off your tank. At $3.50 a gallon, that's about 7 cents extra in credit card fees. "The retailers, he or she has to pass that on or eat it when they already have very slim margins. Ultimately the customer pays the price."
Paying for gas with your debit card can also leave your bank account in the red. Lenard says when banks don't know the final amount of your gas purchase, they put a hold on your bank account, freezing up more than you actually spent, sometimes for days.
Lenard suggests you look for gas stations that offer discounts for paying with cash. And if you must use a debit card... stay on top of your bank statements.
Click here to find the lowest gas prices where you live.
Wednesday, June 19 2013 1:49 PM EDT2013-06-19 17:49:59 GMT
A 29 year old Pell City woman was killed overnight by her brother. Police say 30 year old Brett Christopher Love killed his sister Lindsey Michelle Love around 3 AM Wednesday morning in the 100 blockMore >>
A brother suspected of killing his sister in Pell City has been taken into custody and charged with murder. More >>
Wednesday, June 19 2013 1:44 PM EDT2013-06-19 17:44:47 GMT
Shelby County Highway 51 south of the intersection of U.S. Highway 280 in the Westover area of Shelby County is closed right now. The Sheriff's Office is on the scene of a motor vehicle crash involvingMore >>
The Sheriff's Office is on the scene of a motor vehicle crash involving a trainMore >>
Wednesday, June 19 2013 12:50 PM EDT2013-06-19 16:50:32 GMT
Denise Marie McGathey of Crossville has been arrested in connection to a drug and stolen property case. DeKalb County Sheriff's Office investigators went to her home on County Road 370. InvestigatorsMore >>
Denise Marie McGathey of Crossville has been arrested in connection to a drug and stolen property case.More >>
Wednesday, June 19 2013 12:38 PM EDT2013-06-19 16:38:10 GMT
An arrest has been made in a kidnapping investigation involving a 10 month old child. 19 year old Breanna Nicole Walker is in the custody of the U.S. Marshals in Dallas, Texas under a $100,000 bond.More >>
An arrest has been made in a kidnapping investigation involving a 10 month old child.More >>
Wednesday, June 19 2013 8:50 AM EDT2013-06-19 12:50:45 GMT
Recently, Bitsy, a Yorkie puppy from Cullman and her owner Todd Sigmon were named finalists in the Iams "Love Tails" contest. Bitsy and Todd along with 9 other finalists will compete in a facebook videoMore >>
Cullman residents Bitsy and her owner Todd have a chance to be part of a national Iams advertisement. Cast your vote at the Iams facebook page between June 24 and June 28.More >>
Wednesday, June 19 2013 8:46 AM EDT2013-06-19 12:46:31 GMT
Tune in to Talk of Alabama at 9AM to hear from Real Estate Agent Dave Parrish. He will talk about the "sellers market" and about those mortgage rates inching up bit by bit. Parrish is a ProfessionalMore >>
Is it a good or bad time to buy a home? Realtor Dave Parrish will talk about the "sellers market," and about those mortgage rates inching up bit by bit.
Wednesday, June 19 2013 4:26 AM EDT2013-06-19 08:26:19 GMT
A desperate search is underway for a 10-month-old baby taken from his Birmingham home. Investigators believe 14 year old Dor'Sayde Gathright abducted De'Anthony Kelly early Monday morning from his home. It'sMore >>
10-month-old baby taken from his Birmingham home Tuesday has been located. More >>
Wednesday, June 19 2013 12:53 AM EDT2013-06-19 04:53:40 GMT
MIAMI (AP) — LeBron James led a title-saving charge, and now his crown will be on the line one more time in Game 7. James powered Miami to a frantic fourth-quarter rally and overtime escape as the HeatMore >>
LeBron James led a title-saving charge, and now his crown will be on the line one more time in Game 7.More >>