By Brian L. Milne, Refined Fuels Editor for Telvent DTN. Wholesale gasoline costs were mixed across the country’s major metropolitan markets during the week ended Sept. 10, with supply tightness in some parts of the country bolstering values while other regions saw their costs decline on fading demand and the switch away from the more…
Durbin Hits, Fight Escalates
Retailers may have won the right to debit fee caps for now, but banks are raising fees and pointing the finger at merchants, while some lawmakers look to repeal the interchange caps. By Erin Rigik, Associate Editor. The long awaited Durbin Amendment went into effect on Oct. 1, capping interchange fees well above the 7-12…
Lawmakers Look To Repeal Durbin Swipe Fee Caps
Two U.S. House lawmakers plan to introduce a bill to repeal a Federal Reserve rule capping debit-card swipe fees, Bloomberg reported today, Oct. 12. Representatives Jason Chaffetz, a Utah Republican, and Bill Owens, a New York Democrat, are introducing a measure later today to repeal the rule required under the 2010 Dodd-Frank Act, John Hadlock,…
Wholesale Gasoline Costs Surge on Fed’s Quantitative Easing
Brian L. Milne, Refined Fuels Editor, Telvent DTN Wholesale gasoline costs were pumped higher by a sharp advance in New York Mercantile Exchange oil futures during the first week of November, with crude values spiking to a better than two-year high after the Federal Reserve announced a monetary policy aimed at spurring economic growth. NYMEX…