What does the '9/10' mean when it's next to gas prices on gas station signs?

Question

You know how at a gas station there's the sign that has the gas prices on it? Ever notice how there's a 9/10 next to the price? Why is it there?

Answer 1

BECAUSE if you read it the price of Gasoline is $2.49 AND 9/10th's of a Penny, This has been a LONG running Scam by fueling stations to get an extra penny out of every gallon of gas. You think you are paying $2.49 a Gallon but you are really paying $2.50 a gallon. Fuel stations do not even take this extra 9/10ths into consideration when they work on their pricing structure so the billions of extra pennies every year are raw profits. You have to remember that the actual gas stations don't really make any money on gas. When they purchase a 15,000 gallon load they have to "guess"timate what they need to Sale that gasoline for so they have the money to purchase their next delivery and that little 9/10's gives them a small stash to use if they "guess"timated the purchase price wrong. Gas shortages are almost ALWAYS caused by the fueling stations not being able to purchase enough gas because they undershot the price to purchase the next delivery, so they buy a smaller load and jack the pricing up so they can get back to a level playing field, once the level playing field is reached gas prices come back down to adjust their profit level back to normal.

Answer 2

Gas Station Price Signs

Answer 3

Because gas companies are trying to make money. By throwing that extra 9/10ths of a cent on the price it sounds 1 cent cheaper yet it is close to being 1 cent more. Say for instance that gas is $1.00 9/10ths per gallon (which is truly 1.009 per gallon) This is very cheap for gas but it will prove my point. Now if you bought 1 gallon, it would cost you $1. Now if you by 2 gallons you would expect it to cost $2. But it cost $2.02 because the 1.009 and the other 1.009 added give you 2.018 which in money rounds to 2.02 So by doing this the gas company is making two cents. This may sound like a small amount but most people buy more than 2 gallons and the .009s added up to make more cents. So if you bought 20 gallons of gas at $1 per gallon it would end up costing $20.21 roughly. For the millions of people buying gas this extra money turns into thousands of dollars. You may ask why not just make it $1.01 per gallon instead of $1.00 but this would make it sound like more money than!it is. It is just like stores charging 9.99 instead of 10.00. Nine sounds a lot better than ten and the same applies to gas companies. Its just the gas companies sneaky way of making more money.

Answer 4

It's part of the price-- 9/10 of a cent. That is, 9 cents for every 10 gallons.

It's a really small difference, so they might as well round up, but it's sort of like how stores charge $19.99 instead of 20 bucks. Partly tradition and partly because it makes the price look less.

Answer 5

usually it denotes a fraction of a cent

so if the price is 2.79 9/10 a gallon it would look like this

2.799 a gallon with the last nine being the 9/10

Answer 6

To let you know that the price is only guaranteed for 9 to 10 days. After that the price could go up or down or stay the same.

Answer 7

because for each gallon of gas you buy you are paying 9 tenths of a penny plus the price you see. how they figure this out is beyond me!

Answer 8

It means 9/10's of a penny. just add a penny to the price .

Answer 9

Nine-tenths of a cent

Probably makes the gas seem cheaper than if they put

$2.59 9/10 sounds cheaper than $2.60

Just like $9.99 sounds cheaper than $10.00

Answer 10

i own a shop,and every gallon of gas you buy is always rounded off to the price like this,no one really knows why but its been that way for ever seems like but that what it means,good luck.