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Gas prices in 9/10?

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Ablang
 
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Default Gas prices in 9/10? - 04-06-2007 , 10:16 PM






Does anyone know why the gas industry lists the price per gallon in
9/10ths of a cent, instead of rounding up?


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Rick Brandt
 
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Default Re: Gas prices in 9/10? - 04-07-2007 , 06:55 AM






Ablang wrote:
Quote:
Does anyone know why the gas industry lists the price per gallon in
9/10ths of a cent, instead of rounding up?
Because people are inattentive and mentally that extra penny doesn't register.
Ask (just about) anyone what they paid for gas last fill-up and they will leave
that penny off.

Should be illegal IMO.




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Jeff
 
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Default Re: Gas prices in 9/10? - 04-09-2007 , 08:47 AM




"Ablang" <ron916 (AT) gmail (DOT) com> wrote

Quote:
Does anyone know why the gas industry lists the price per gallon in
9/10ths of a cent, instead of rounding up?
In the old days, the gas was like 25.4 cents per gallon. Now, it seems like
243.9 is more like 243 than 244. For the same reason why potato chips are
priced at 79 and 99 cents.

It seems a little cheaper than it is.



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Jeff
 
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Default Re: Gas prices in 9/10? - 04-09-2007 , 08:47 AM




"Rick Brandt" <rickbrandt2 (AT) hotmail (DOT) com> wrote

Quote:
Ablang wrote:
Does anyone know why the gas industry lists the price per gallon in
9/10ths of a cent, instead of rounding up?

Because people are inattentive and mentally that extra penny doesn't
register. Ask (just about) anyone what they paid for gas last fill-up and
they will leave that penny off.

Should be illegal IMO.
Me too. That way, Exxon (whose stock I own) would be making 0.1 more cents
per gallon of gas. That adds up.

Jeff



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