Here’s something I’ve always wondered about and I send it out to the Teeming Millions. I did a search on Cecil’s site, but I can’t find anyone with an answer. Why do we measure fuel in the United States in 9/10ths of a cent per gallon? Why not just round it up? Thanks in advance!!!
Retailers tend to set the cost of anything (not just fuel) to some amount just under a rounded-off number (Sears, say, will sell a lawn mower for $199.98 rather than $200) because consumers tend to emotionally regard the first price as significantly lower. “Hey, let’s get that lawn mower - it’s under $200!!”.
The same reason you pay $.99 for an item.
(example) On sale for $1099.99
The $.009 cents add up to dollars when you think of how many gallons are sold.
I think we should do away with pennies and nickles.
The same reason you pay $.99 for an item.
(example) On sale for $1099.99
The $.009 cents add up to dollars when you think of how many gallons are sold.
I think we should do away with pennies and nickles.