Credit Card Companies Are Inflating Fuel Prices (And the Price of Nearly Everything Else)
Americans buy about 377 million gallons of gasoline per day. The national average price of gas is $3.57 per gallon. If those gallons were paid for with credit cards, the swipe fees on gas sales alone would be more than $31 million PER DAY.
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MPC Hill Blast: ‘Extensive’ and ‘Punitive’ Credit Card Swipe Fee Increases
The calendar has barely turned to 2026, and credit card swipe fees are increasing again. The credit card giants keep pretending otherwise, but year after year they dramatically increase swipe fees.
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MPC Hill Blast: The Hidden Force Pushing Up Gas Prices
Customers don’t see it, but there is a hidden factor pushing up the price of gasoline — and virtually everything else that Americans buy. That hidden force is credit card swipe fees.
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MPC Hill Blast: 'Persistent Cost Pressures'
The James Beard Foundation just issued its annual report on “The State of Independent Restaurants” and the picture is sobering.
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MPC Hill Blast: 'Money, Power and Profit'
The latest installment of Robert Kiyosaki’s “Money, Power, and Profit” titled “The Cartel” is quite a read. It devastatingly walks through the problems with the two separate cartels that Visa and Mastercard have formed to set and charge credit card swipe fees.
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MPC Hill Blast: 'The Finance Industry Is A Grift'
In an op-ed, American Compass Chief Economist Oren Cass says, "The Finance Industry Is a Grift. Let’s Start Treating It That Way.”
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MPC Hill Blast: Competition Would Help Community Banks, Credit Unions
Community banks and credit unions compete well against the big banks every day. Unfortunately, Visa and Mastercard block competition on merchant fees and services on credit cards. That is not good for community banks and credit unions. The Credit Card Competition Act would help.
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MPC Hill Blast: Wall Street: Wrong Again
The track record is almost uncanny, but the giant Wall Street banks are notorious for saying one thing and then doing another. The latest example — debit card rewards.
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MPC Hill Blast: Broad, Overwhelming Support for the Credit Card Competition Act
Support for the Credit Card Competition Act, which would create some much-needed competition for credit card companies where none exists today, is incredibly broad and deep.
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MPC Hill Blast: Where Does All the Banks' Money Go?
The banks are bringing in big money: “Wall Street is rolling into the new year firing on all cylinders, after the nation’s biggest banks had one of the strongest years on record in 2025.”
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