.9 cents?

TomHinMd · 07-01-2008, 09:42 AM

Do you think the gas companies will ever drop the .9 cents? Having that on the pumps is so 1930's. Who cares about the .1 or .9 when the prices are so high?
What do you think, remove it or leave it?

TomHinMd · 07-01-2008, 09:42 AM

Do you think the gas companies will ever drop the .9 cents? Having that on the pumps is so 1930's. Who cares about the .1 or .9 when the prices are so high?
What do you think, remove it or leave it?

AKBrick · 07-01-2008, 10:36 AM

I've always thought it was rediculous, although with diesel pusher fuel tanks running around one hundred gallons, they would make an extra buck or so if you were crazy enough to allow the tank to get that low. Just paying for a quarter of a tank of fuel is pretty frightening!

The .9 is added for inflation on my 2 cents.

AKBrick

Ray,IN · 07-01-2008, 02:28 PM

It's a bookeeping thing. Ever see the movie with Eddie Murphy working at a bank. He writes himself a check for all those partial cents and lost pennies, which turns out to be millions of dollars.
Next time you buy lawn mower gas, try asking the attendant for exactly one gallon, then request your 1/10 cent back.

historyljc · 07-01-2008, 05:56 PM

It's like that all that stuff they sell on TV for $19.95. Why don't they just say $20.00? Besides, everybody knows that it's $27.00 by the time they added shipping and handling.

Jackm · 07-01-2008, 08:29 PM

$19.99 is less than twenty bucks! But wait...there's more. If you order right now....

Jack

read & learn · 07-02-2008, 03:31 AM

Let's see 1/10 of a penny equals 1 cent on 10 gals of fuel ok now that means 100 gals of fuel will cost 10 cents more. So if I use 1,000 gals of fuel it will cost me a extra $1.00
It's time to just round it off.

**Route 66** · 07-02-2008, 03:42 AM

<BLOCKQUOTE class="ip-ubbcode-quote"><div class="ip-ubbcode-quote-title">quote:</div><div class="ip-ubbcode-quote-content">It's time to just round it off. </div></BLOCKQUOTE>

I agree, but it's a long standing marketing ploy in our country to make the price appear lower.

**Petro** · 07-02-2008, 07:02 AM

Dirk is correct on why. Also it is not the oil companies that set the 9/10, it is the retailers. Most of the stations in Wisconsin are independently owned. If you could see a invoice from a refiner you would find their prices out 4 digits to the right of the decimal. Freight is basically the same. The retailer must add up the rack cost of the fuel, taxes (fed, state, local), and freight. People around here will drive 10 miles to save a penny a gallon. No retailer will post $4.00 if his competitor down the street is posting 3.999.

Ken Roberts · 07-02-2008, 01:41 PM

There is one thing worse than the .9 gimmick. Have you noticed that it was only in the last 5 years or so; but, they now meter it out to the 1/1000 of a gallon. I can figure that .5 is a 1/2 of gallon and .25 is 1/4 of a gallon; but pray tell what is .614 vs. .613. I think we are well below teaspoons at this point. Although if I were Exxon-Mobil, the number of 1/1000 of a gallon pumped every day across the country would probably run my pusher for a long, long time, Ken, '04 DSDP....