Hotels and gas stations often have a selection of different products on offer to the consumer.
The Lad, a consumer rights group, is working on a project to help consumers understand how the selection works and what they can expect when shopping for gas and electric supply.
They have created a series of video guides to help the consumer understand the difference between different products.
A video called “How to Use Your Credit Card at a Gas Station” is available on YouTube.
“Gas stations have a range of products that can be purchased from different sources and some products are advertised as being in stock, which is quite common,” said Lad board member and former US congressman Tom Tancredo, who has worked to improve the credit card industry.
“In this case, the range is from a range that is advertised as having a minimum price of $0.70 per gallon, and that is not actually in stock.”
What is a gas pump?
The Lad’s videos highlight the difference in pricing of different types of gas.
For example, gas stations sell gas at a minimum cost of $1 per gallon.
If the gas pump charges $2 per gallon for gas, the consumer would expect the price of the gas to be $1.25.
If a gas tank costs $3 per gallon (or $6 per gallon with a premium), the consumer should expect the gas price to be more than $4 per gallon as a result.
The video also highlights some of the various methods consumers can choose from to get gas.
“If you go to the store and get a pump and it is not in stock and you want to go to a gas stations to fill up and you do not have the cash, the next best thing you can do is just get a credit card,” Tancero said.
“This is how it works.
You buy gas at the gas station and pay the $1 and get the $2 off.
And then you go buy a second card and pay another $2.”
Consumers can also use the Lad’s online credit card comparison tool to see if their gas or electric bill compares.
The videos show how the price can vary depending on which gas or electricity supplier is listed.
“It’s not a secret that gas and electricity prices can go up or down with the weather and with the season, and there are other variables as well,” Tano said.
He noted that if you choose to pay the higher price, you will be paying for the gas you used instead of the electricity you used.
Tancado said he believes the Lad is an important tool in the efforts to improve credit card services.
“A lot of people who are getting screwed on the credit cards, it is a little frustrating,” he said.
“[Lad] is trying to change that.
It’s going to save consumers money.”
For more information on Lad, visit www.lad.org.au or call 1300-539-3199.
Topics: consumer-finance, consumer-protection, business-economics-and-fiscal-policy, business, credit-card, gas-supply, australia