It’s a familiar sight. You pull up to the pump to fill up your car’s tank and the price for a gallon of regular reads something like “$3.619.” Where does that additional 9 come from? You couldn’t walk into the gas station and give the cashier $3.619 for a gallon of gas. They round it up to $3.62 because there’s no coin with a denomination of a fraction of a penny. And this rounding up is exactly why that fraction of a cent is included in the price of a gallon of gas.
On the scale that one person buys one tank of gas, a few fractions of a cent amounts to almost nothing. Assuming you bought 11 gallons of gas, the gas station would make about a dime more than they would have if the price had been $3.61 with no additional 9. But those 9/10 of a cent add up fast on the scale that everyone together buys gas. From you as an individual, they bring in additional $4.50 a year, but yearly, the additional 9/10 of a cent brings in an additional $1.7 billion in revenue. That’s right, not million, billion. So while those 9/10 of a penny might not seem like much at the pump, they’re definitely there for a reason.
If you have any questions about our blog, “Speed Camera Reform Legislation Gets Green Light in Maryland” please contact Auto Stop by calling 410-467-7600 or visit AutoStopLTD.com today! You can also follow Auto Stop on Facebook, Twitter, and Google+.
Our mechanics are highly trained and use state-of-the-art Automotive diagnostic equipment to pinpoint your particular issues, repair it, and get you back on the road as quickly as possible. We promise to diagnose your auto repair problems in an honest and professional manner and all of our work is 100% guaranteed!
Auto Stop is your local auto repair shop, serving the Baltimore metro area. We are A+ accredited by the Better Business Bureau. We are also an ARI Fleet repair center for all Fleet Repairs.