What Does 9/10 Mean Gas at Eric Massey blog

What Does 9/10 Mean Gas. Many station owners would prefer their prices to be just a tenth of a cent below an even dollar amount, instead 9/10 of a cent above. By the 1970s, 9/10 became the standard, as consumers. “they found out that if you priced your gas 1/10 of a cent below a break point, let’s say 40 cents a gallon, ‘.399’ just looked to the public like 39 cents…” Most gas stations pushed their fractional charges up to 9/10 of a cent around the 1950s when they began advertising prices on the large signs we see today. The practice of tacking 9/10 of a cent on the end of a gas price goes back to when gas cost only pennies per gallon and was a tax imposed by state and federal governments. Gas stations added the fraction of a cent on the end of the price instead of rounding up the price. The practice of adding 9/10 to the price of gasoline, also known as “9/10 centering,” is a pricing strategy used by gasoline retailers. When you pull into a gas station, you’ve probably noticed that the gas prices displayed on a sign or the gas pump have a. While 9/10 of a penny only increases your price at the pump by less than 20 cents per fill up for a 20 gallon tank, it adds up. Gas station owners weren’t about to give up their business by rounding up, so they instituted the percentage of a cent to keep prices down.

Many station owners would prefer their prices to be just a tenth of a cent below an even dollar amount, instead 9/10 of a cent above. By the 1970s, 9/10 became the standard, as consumers. While 9/10 of a penny only increases your price at the pump by less than 20 cents per fill up for a 20 gallon tank, it adds up. When you pull into a gas station, you’ve probably noticed that the gas prices displayed on a sign or the gas pump have a. The practice of adding 9/10 to the price of gasoline, also known as “9/10 centering,” is a pricing strategy used by gasoline retailers. “they found out that if you priced your gas 1/10 of a cent below a break point, let’s say 40 cents a gallon, ‘.399’ just looked to the public like 39 cents…” Gas station owners weren’t about to give up their business by rounding up, so they instituted the percentage of a cent to keep prices down. Gas stations added the fraction of a cent on the end of the price instead of rounding up the price. The practice of tacking 9/10 of a cent on the end of a gas price goes back to when gas cost only pennies per gallon and was a tax imposed by state and federal governments. Most gas stations pushed their fractional charges up to 9/10 of a cent around the 1950s when they began advertising prices on the large signs we see today.

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What Does 9/10 Mean Gas “they found out that if you priced your gas 1/10 of a cent below a break point, let’s say 40 cents a gallon, ‘.399’ just looked to the public like 39 cents…” By the 1970s, 9/10 became the standard, as consumers. Gas station owners weren’t about to give up their business by rounding up, so they instituted the percentage of a cent to keep prices down. Gas stations added the fraction of a cent on the end of the price instead of rounding up the price. While 9/10 of a penny only increases your price at the pump by less than 20 cents per fill up for a 20 gallon tank, it adds up. “they found out that if you priced your gas 1/10 of a cent below a break point, let’s say 40 cents a gallon, ‘.399’ just looked to the public like 39 cents…” The practice of tacking 9/10 of a cent on the end of a gas price goes back to when gas cost only pennies per gallon and was a tax imposed by state and federal governments. Many station owners would prefer their prices to be just a tenth of a cent below an even dollar amount, instead 9/10 of a cent above. The practice of adding 9/10 to the price of gasoline, also known as “9/10 centering,” is a pricing strategy used by gasoline retailers. When you pull into a gas station, you’ve probably noticed that the gas prices displayed on a sign or the gas pump have a. Most gas stations pushed their fractional charges up to 9/10 of a cent around the 1950s when they began advertising prices on the large signs we see today.