2006-07-03 06:01:05 · 8 answers · asked by Lisa M 2 in Cars & Transportation ➔ Other - Cars & Transportation
I work at a service station. Our inventory is ballenced acording to price. Every thing in the store ends in a 9 $1.99 @0.99. The fuel is the same way our computers ballence the fuel the same way. The price is programed in to keep track of the amount of fuel going out. This is to make sure the pumps are working correctly. Not charging to much. also to make sure the tanks in the ground are not leaking in th the ground. We keep a daily inventory for fuel. You are paying the dollar $2.999 you are paying @3.00 The the law says the sign myst reflect the actual price. when we raise the price our sign must be changed first. When we go down the pumps must be changed first. If this is not done the store could be charged a large fine.
2006-07-03 06:59:33 · answer #1 · answered by hello 1 · 0⤊ 1⤋
The tenths of a penny are posted on the signs and tracked by the pumping equipment for the sake of accuracy.
By bringing your attention to the 10th part of the penny, the sign alerts you to keep more accurate track of your spending and it shows you that the stock-holders and oil-industry moguls are keeping accurate track of the money.
Rather than looking at the listing of the tenth part of the penny on gas-price billboards as annoying or some form of trickery, you should use it as a public-service reminder that we should all keep better track of our money.
This country (the United States) has a huge deficit and very little in the way of personal savings by the common citizen (which is a recipe for disaster). If every citizen of the United States nit-picked and niggled over every tenth of a penny (and socked away those tenths of a penny that we currently let industry niggle from us) we would all be more fiscally stable.
Imagine how happy we could all be if we all kept track of tenths of a penny and sent such perfect records to the IRS every year during income tax time. IRS agents would despair.
2006-07-03 06:31:30 · answer #2 · answered by deanyourfriendinky 7 · 0⤊ 1⤋
It's a psychological thing - $2.899 somehow "looks" less, hence it's more attractive. It's just like with shops who have prices ending in .99 instead of adding the 1 cent to make it the full $.
2006-07-03 06:06:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
My guess is that back when gas was very cheap, a few cents per gallon, a penny made a difference, so when you saw .35 you thought you were getting a good deal when it was almost .36. I can see your point, now that gas is close to $3, that penny really makes no difference.
2006-07-03 06:07:09 · answer #4 · answered by classicwoodworks2000 2 · 0⤊ 0⤋
Advertising gimmick. It means the gas is always a cent more than the advertised price. Why would you advertise something for 9.97 when 10.00 is the same price? Because it looks cheaper.
2006-07-03 06:06:59 · answer #5 · answered by mattwbell 2 · 0⤊ 0⤋
Sounds cheaper.
Just like a retail store listing a sweater for $19.99...it sounds cheaper than $20.00.
Human brain will look at it and think "it is only $19...thats cheap". This works best in car industry. The car is only $39,000....no...its $39,995 or $40,000.
2006-07-03 06:05:07 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Try asking the Gov't about the ungodly taxes charged on fuel.
2006-07-03 06:06:23 · answer #7 · answered by Anonymous · 0⤊ 0⤋
trying to make you feel better
it looks like you pay less but actually not
2006-07-03 06:04:39 · answer #8 · answered by matt0424 5 · 0⤊ 0⤋