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Old 03-09-2014, 03:14 PM   #1
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XXX.9 Gasoline/Diesel

Is there some coherent reason why the price of fuel must be XXX.9?
What genius came up with this thingy?
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Old 03-09-2014, 03:17 PM   #2
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$ 3.999 is a whole lot cheaper than $4.00 in a lot of minds. It's an old marketing trick.
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Old 03-09-2014, 05:19 PM   #3
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Tax is the reason

Actually the 9/10 of a cent was the original gasoline tax rate. They have proposed changing it but would cost to much to change all of the pumps and signs.
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Old 03-09-2014, 05:24 PM   #4
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Actually the 9/10 of a cent was the original gasoline tax rate. They have proposed changing it but would cost to much to change all of the pumps and signs.
The pumps are pretty much all computerized now. It wouldn't cost them anything to round off. It's a marketing thing, and inertia.
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Old 03-09-2014, 05:37 PM   #5
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I can remember buying a gallon of gas when there were gas wars at .18 and 3/10 cents a gallon, so I really don't think that the 9/10 of a cent was ever because it was a gas tax. Could be wrong, but,.........Just saying.....
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Old 03-09-2014, 11:02 PM   #6
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Why is the 9 tenths of a cent on gas prices?

"The extra "tenths" is a very old tradition that's never gone away. In 1935, a Reno Nevada newspaper wrote about "selling third grade gasoline at eight and nine-tenths cents a gallon."
EXCERPT:
In those times, a penny had considerable value. To raise the price of gasoline from 8 to 9 cents would be more than a 12 percent hike. To compete, gas stations raised prices by tenths of a penny. Around this time, federal and state excise taxes were also introduced in increments of tenths of a cent, so it made sense to keep the decimal value."
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Old 03-09-2014, 11:09 PM   #7
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Quote:
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Why is the 9 tenths of a cent on gas prices?

"The extra "tenths" is a very old tradition that's never gone away. In 1935, a Reno Nevada newspaper wrote about "selling third grade gasoline at eight and nine-tenths cents a gallon."
EXCERPT:
In those times, a penny had considerable value. To raise the price of gasoline from 8 to 9 cents would be more than a 12 percent hike. To compete, gas stations raised prices by tenths of a penny. Around this time, federal and state excise taxes were also introduced in increments of tenths of a cent, so it made sense to keep the decimal value."

X2, when I started pumping gas at my father's station@ 17.9 a gal, for regular, even then the pumps internal , manual gear driven , $ amounts were adjustable from 1/10c to 99.9c per gallon, the transition past a dollar made scrap out of them.
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Old 03-09-2014, 11:40 PM   #8
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Price of diesel

Diesel fuel is price to high. It's cheap to make.
Most trucks use it so big bucks and RV use it so they are cleaning up.
Gas price came down. Diesel came 5 cents. Gas came down here about
$1.50....Why not diesel?????
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Old 03-10-2014, 12:46 AM   #9
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I think we should all stop driving any motorized vehicle. I will guarantee that if the demand dropped, the price would drop....

What gets me is that oil companies are making tons of more "profits" (after all costs, taxes, R&D, etc.) than ever in all history. Share holders are making more money on their stock investments than ever before.

Don't tell me that the rest of us are not being taken advantage of. We are now generating more oil at home than we are importing, yet the prices have not reflected that. We are the ones that are allowing this to take place. It will not change until we decide to fight back and make them accountable for the prices.

Of course, when I say "we", I really mean you. I will just keep trucking...
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Old 03-10-2014, 01:16 AM   #10
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Marketing pure and simple. Take a look at prices for other things and you will see things like $4.99 and the like too. I just add the penny and say $5. Salespeople don't like that when I do it. They try to "correct" me and tell me that it's only $4. I tell them to look again and add that penny and you get the $5. Again ... It's marketing pure and simple. Or at least that's what I learned when I got my degree in Marketing/Management.
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Old 03-10-2014, 02:19 AM   #11
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Originally Posted by tedgard01 View Post
I think we should all stop driving any motorized vehicle. I will guarantee that if the demand dropped, the price would drop....

What gets me is that oil companies are making tons of more "profits" (after all costs, taxes, R&D, etc.) than ever in all history. Share holders are making more money on their stock investments than ever before.

Don't tell me that the rest of us are not being taken advantage of. We are now generating more oil at home than we are importing, yet the prices have not reflected that. We are the ones that are allowing this to take place. It will not change until we decide to fight back and make them accountable for the prices.

Of course, when I say "we", I really mean you. I will just keep trucking...
I appreciate your supporting my Rv lifestyle. cvx is doing great. buy some and enjoy the ride.
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Old 03-10-2014, 03:51 AM   #12
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The whole $.001 is to fool the same stupid humans who think waking up an hour earlier saves daylight. And to show how silly that 1/10 of a cent is, I just noticed I don't even have a cent symbol on my computer,
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Old 03-10-2014, 07:22 AM   #13
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The whole $.001 is to fool the same stupid humans who think waking up an hour earlier saves daylight. And to show how silly that 1/10 of a cent is, I just noticed I don't even have a cent symbol on my computer,
Your not trying to tell me that DST isn't giving me more daylight are you??!!
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Old 03-10-2014, 09:28 AM   #14
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Art . ., the keyboard alternate code for is [Alt][0162].
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