Why do gasoline prices always post with .09 on the price?

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Why do gasoline prices always post with .09 on the price?

2007-07-09 03:58:33 · 2 answers · asked by jdbff2211 1 in Business & Finance ➔ Other - Business & Finance

2 answers

Psychological. Doesn't $2.99 and 9/10 look and sound MUCH better than $3.00? Even though the difference is only one-tenth of one cent.

Seriously, that's the only reason.

2007-07-09 04:27:58 · answer #1 · answered by jdkilp 7 · 1⤊ 0⤋

I've always thought that it is pyschological.

For example: raising the price from 1.89 to 2.00 can appear more than raising it from 1.89 to 1.99.

Just my opinion....

2007-07-09 04:27:39 · answer #2 · answered by Nate 1 · 0⤊ 0⤋