Friday, December 30, 2005

Gas Pricing

No, not the cost of gas, that's been done to death.

What I don't understand is why gas prices are expressed to the tenth of a cent. Anybody have a 0.1-cent piece? I don't. If I buy 1.000* gallon of gas at $1.949 will I get 5.1 cents in change? No, I won't. They will keep my 0.1 cents.

We're all getting ripped off to the tune of a penny every 10 gallons. Wikipedia pegs gas consumption at 360 million gallons per day. That's $360,000 a day taken from consumers, or $131.4 million a year.

*yes, the pump measures to thousandths of a gallon. That's 0.128 ounces (volume), 0.00625 pounds, 2.8 grams or 0.19 cents. I'm impressed with the resolution of the pump, but it seems like overkill to me.

Labels: ,

2 Comments:

At 3:02 PM , Blogger Harvey said...

Most plausible answer here:

http://answers.google.com/answers/threadview?id=568724

 
At 6:49 PM , Blogger mikeharolds3690 said...

I read over your blog, and i found it inquisitive, you may find My Blog interesting. My blog is just about my day to day life, as a park ranger. So please Click Here To Read My Blog

 

Post a Comment

Subscribe to Post Comments [Atom]

<< Home