Friday, May 26, 2006

Don't Trust that Nine-Tenths of a Cent at Your Gas Station

As we all guessed, when you buy a gallon of gas, you're not paying in fractions of a penny. They're actually rounding up. And there is no good reason to advertise their prices that way except to fool people into thinking that gas is actually a penny less than it really is.

UPDATE: To clarify, I always wondered why they posted it that way and thought there must be some requirement, but, apparently, it's just a historic artifact that they are continuing in the hopes of making the gas price look a teeny bit less so that people focus on the lower number and not what it rounds up to.