Why do gas stations charge 9/10ths of a cent, and how do they even take that out of your bank account?
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Not just for us but gas stations, super markets, anyone that sells things. Almost everything has a .009 cents for fuel and a .99 cents for products. I will just copy and paste my previous response in this thread. **** We own a fuel oil company that delivers the product to both homes, trucking outfits and gas stations. The .009 cents is for the consumer. We tried not to do it 30 years ago, but because our competition didn’t follow our lead we were forced back to it. If we are selling fuel for $1 a gallon and our competitor is selling for .999 a gallon we would actually lose business. Same goes for any price point. We are $1.50, they are $1.499 They appear to be much cheaper than us. Our residential customer are buying anywhere from 150-250 gallon a pop. Commercial customers 500-5,000 a pop. If we deliver say 20,000 gallons today that .009 cents is also almost $200 do that 6 days a week all year round that is $50,000-$65,000 difference. And we do notice as that is net profit not gross. And if we lose a delivery over .009 we lose a lot more than that tenth of a cent
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