Does anyone know why there’s that 9/10 after the price of gas?
That used to be the old tax. Back in the day you would see 7/10. America was once an honest place.
Then there is said station competition across the street..
BUT will go with the experts:
What is 9/10 of a cent worth?
So the gas companies take an extra 9/10 of a cent for every gallon of gas we buy--what is that actually worth?
According to the U.S. Energy Information Administration (EIA), "prime suppliers" of "motor gasoline" reported sales of 372,833.5 thousand barrels sold in February 2007 [in this case]. Each barrel represents 42 gallons, and to determine the value of 9/10 of a cent for each gallon, we did the following calculation:
372,834 x 1000 x 42 x .009 = $140,931,063 That means that in February 2007, gas companies collected an extra $141 million USD because of their unique pricing practices. Assuming Februrary is a rough average for the year, that's $1.7 billion USD in additional revenue!
For the same reason you never see something advertised for $40. It's always $39.99.
Mark