9/10 Gas Pricing

[Jscotty]

One thing that I have always wondered was why gas prices always ended in increments of nine-tenths? If the price of gas is $2.99 and 9/10, why not just round it up to $3.00? Does the industry think that they are fooling us by making the price 1/10 of a penny cheaper so that we will think that its 1 cent less? I mean if you rounded the price up to an even number, we are still going to pay it regardless of how much we hate the price.

[LINUS]

Were you ever held back a grade in elementary school?

[JGood]

LOL.

Probably the same reason damn near EVERY product is sold at $x9.99

I like going on BMA's website and seeing their random prices, like $87.38 for a control arm. Way to stick it to the man, BMA.

[DarkWing6]

When you look at gas prices do you think ok that place is charging 3.05 and 9/10 or just $3.05? Think about how many gallons of gas they sell each day. Now multiply that by 9/10 of a penny. When you are selling in such large quantities any little bit extra you can get without someone thinking about it can turn into a lot for you.

[BeirBrennerE30]

the 9/10 comes from the various taxes that are placed on gas by the state and the fed... it doesnt have anything to do with the gas company fooling you...

[808BMW]

more like $1.75 and 9/10 being taxes and stuff :P

[benDASHDASH]

One thing that I have always wondered was why gas prices always ended in increments of nine-tenths? If the price of gas is $2.99 and 9/10, why not just round it up to $3.00? Does the industry think that they are fooling us by making the price 1/10 of a penny cheaper so that we will think that its 1 cent less? I mean if you rounded the price up to an even number, we are still going to pay it regardless of how much we hate the price.

everyone knows that, yet we dont always think about it when making purchases. not like it matters anyway. i hardly check the price when pumping anyway. i cant afford not to buy it.

[Charlie]

One thing that I have always wondered was why gas prices always ended in increments of nine-tenths? If the price of gas is $2.99 and 9/10, why not just round it up to $3.00? Does the industry think that they are fooling us by making the price 1/10 of a penny cheaper so that we will think that its 1 cent less? I mean if you rounded the price up to an even number, we are still going to pay it regardless of how much we hate the price.

It's all part of a giant consipiracy by Bush to pull our minds off of the iraq war, faked moon landing, lizard people, ZOG and the hollow earth.

-Charlie

[Jscotty]

When you look at gas prices do you think ok that place is charging 3.05 and 9/10 or just $3.05? Think about how many gallons of gas they sell each day. Now multiply that by 9/10 of a penny. When you are selling in such large quantities any little bit extra you can get without someone thinking about it can turn into a lot for you.

Yeah. But if the price was simply $3.06 I would still get the gas. Its just that 9/10 is such a wierd fraction to tack on the back of the price. Nothing else in this world is priced that way. Not even stock trading. And they only do things on the 1/8 fractions because when the whole stock market thing started, Mexican currency was made of real silver and if you broke a coin in half, quarters, or eighths it would have its corrosponding value. So they decided to base the pricing system on that standard.

But as far as the origination of 9/10, there has to be something very significant about that. Even when I look up what various states charge for tax, none of the states are charging 9/10 of a penny.

[dinanm3atl]

It's all part of a giant consipiracy by Bush to pull our minds off of the iraq war, faked moon landing, lizard people, ZOG and the hollow earth.

-Charlie

plus he caused katrina

[LINUS]

But as far as the origination of 9/10, there has to be something very significant about that. Even when I look up what various states charge for tax, none of the states are charging 9/10 of a penny.

Are you serious? I mean, this is common practice in all business. Take a look at the interest rate on your checking account, car loan, mortage, credit cards....I could go on.

And the last I looked, my sales tax locally was 8.85%....so you buy a dollars' worth of something...it's 9 cents.

Where are you hiding that you never noticed this before? Also, the gas thing isn't always .9 cents, you just never looked.

Are you for real? I'm not one to judge, but you bring up so many things that you find profound, but to the rest of us are commonplace - it's just odd how many times you do this. I still think you were held back in elementary school.

[nando]

just FYI gas stations don't make money off selling gas.. they barely break even on that. they make all their money selling snacks and charging you $2.00 to use their air compressor :p

[chucko]

^^^California state law says that use of the air compressor machine must be free to patrons. Most people don't know that so they pay to pump air anyway. It helps to know the laws.

[nando]

^^^California state law says that use of the air compressor machine must be free to patrons. Most people don't know that so they pay to pump air anyway. It helps to know the laws.

well I don't live in california :p

[dinanm3atl]

well I don't live in california :p

yah its a small price to pay to NOT live in California. While they are raping you everywhere else at least you get free compressed air :)