How much gasoline will 9/10 of a cent get you?
Everyone in Denver knows Al Lewis, the smart (and funny) business columnist for the Denver Post. If you’re a regular reader, you know that Al looks at things a little differently than most people do. Okay, he’ very funny. My phone rang yesterday and it was Al Lewis – “Hey Steve… any chance I could get you to isolate 9/10th of a cent of gasoline? Ever wonder why they charge us 9/10th of a cent? What could you do with 9/10 of a cent of gasoline?” Sounds like a math problem to me that could maybe turn into a reason to blow something up. I’m in.
Read Al Lewis’ column about $3.999 gasoline pricing in the Denver Post.
So, how much gasoline does 9/10 of a cent get you? The math is pretty straight forward. Let’s say that the price of gasoline is $3.99 9/10 per gallon. Start by dividing 128 ounces (128 ounces = 1 gallon) by 399.9 cents to get the number of ounces per penny. That’s 0.32 ounces per penny. Multiply this by 0.9 to get the number of ounces 9/10th of a cent buy
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