9/10 Gas Pricing

[808BMW]

That and :tinfoilhat: everything in california being stamped with THIS WILL GIVE YOU CANCER stickers.

My favorite pop ice (li hing mui flavor) has a big warning on the back that it contains something known to cause cancer in lab rats :P

Its still the bomb, I'll probably get skin cancer before ice cream cancer anyway.

[Jscotty]

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

Don't forget about lottery and cigarettes. That's the main cash cow for most gas stations. Overall gas, stations make a substantial amount of money at the end of the day even though their profit is pennies on the dollar. A buddy of mine that works in the refinary says that they profit about $3 for every barrel of oil that they process (give or take depending on the price of oil). And even though it does not seem like a lot of money, in the grand scale of things the refinary makes a small fortune. They don't make any money off of the higher gas prices but they surely get theirs.

[Kruzen]

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 :)

That and :tinfoilhat: everything in california being stamped with THIS WILL GIVE YOU CANCER stickers.

[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 :)

[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

[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]

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

[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.

[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

[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.

[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

[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.

[808BMW]

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

[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...

[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.