At today's prices for gasoline, why do we continue to have that 9/10ths of a cent included in the price of every gallon of gasoline and/or diesel fuel. Isn't it time for this relic of the 50's and 60's to go away? Is this a marketing gimick to show the major price of fuel to be relatively lower by 1/10 of one cent?
2006-06-26 06:48:18 · 11 answers · asked by Glen 1 in News & Events ➔ Current Events
Just one more way the oil companies screw us over.
Thank you.
2006-06-26 06:51:27 · answer #1 · answered by Gravy Czar 4 · 0⤊ 1⤋
Because of the State and federal taxes that are added to the price. That way they only get one penny less for every ten gallons purchased.
For Instance in Texas, the total taxes on each gallon equal 38.4 cents, an in New Jersy it is 32.9. Therefore the 9/10ths was established due to the fractional taxes.
2006-06-26 06:53:12 · answer #2 · answered by Thrasher 5 · 0⤊ 0⤋
Well, getting screwed over is not over. I received four spankin new Pennies the other day, just after having a spirited conversation over how stupid do they think we are. Psyche. Oh, only, 9.99 not 10.00.
You are right on the money. It's Politics as usual.
If we kept tract of how many pennies we give away, or pass on, one could add up a lot of 1/10 . One tenths.
Or. What if, we tried to send it to the Gov't., along with our Taxes, and of course, it wouldn't be enough, never ever enough to line there pockets, and feed the Starving at the same time.
2006-06-26 07:22:11 · answer #3 · answered by gypsyworks 3 · 0⤊ 0⤋
they think of we are idiots. To be honest, while gas fee 10 cents those thenths of a cent have been easily useful, and it would desire to alter (wasn't consistently a 9). That hasn't been the case considering a minimum of 1930, nonetheless. ultimately, they only have been given caught at 9/10 of a cent to attempt to "fool" you. I generally ask your self if every physique is fairly dumb adequate to think of a pre-titled vehicle isn't a used vehicle.
2016-12-08 12:49:13 · answer #4 · answered by dustman 3 · 0⤊ 0⤋
Basically, its the look of it. 2.98 a galon looks better than 3.00 a gallon. Its a just a way for the companies to make their prices seem not so bad.
2006-06-26 06:51:56 · answer #5 · answered by frankramirez_81 3 · 0⤊ 0⤋
To make the price look cheaper. 275.9 looks cheaper than 276 since they make the .9 much smaller than the other numbers and hope you don't noticed it?
2006-07-02 20:45:40 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I have no clue but i have been wondering that as well....maybe it is their way of saying " Its not $2.90 per gallon, its only $2.89 9/10."
2006-06-26 07:40:38 · answer #7 · answered by b_2_rad 1 · 0⤊ 0⤋
They are too embarrassed to admit it's a whole penny extra.
2006-06-26 07:56:57 · answer #8 · answered by Mommymonster 7 · 0⤊ 0⤋
so at every 10th gallon, you save a penny... or soemthing like that.
2006-06-26 06:51:42 · answer #9 · answered by Anonymous · 0⤊ 0⤋
I hope you get some good answers, I have always wondered this.
2006-06-26 06:52:57 · answer #10 · answered by Kit Kat 2 · 0⤊ 0⤋
it's just a reason for them to round up on the number, and suck your pockets dry. )=
2006-06-26 07:57:19 · answer #11 · answered by Skycam24 2 · 0⤊ 0⤋