what does 9/10 mean in gas prices
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Why Gas Is Priced in Tenths of Cents A price of $2.29 and 9/10ths gives the individual the impression that they are only paying $2.29 per gallon when they are essentially paying $2.30- two insignificantly different prices that nonetheless make a world of difference when a customer is picking a gas station to fuel up at.ou see, pricing gas by the 9/10ths of a cent works a lot like when other stores sell items for prices ending with “.99″. Shoppers place much greater emphasis on the first number in a price and tend to ignore the least significant digits.
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âWhat's driving high gas prices in California? los angeles tourists traveling through los angeles this holiday weekend were greeted by gas prices topping $ 4 00 a gallon at least a dollar more than the rest of the nation john pope watched prices shoot up as he drove his winnebago cross country to californiahe last time gas prices were over $ 4 00 in california crude oil prices were over $ 100 a barrel
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Average US gas price drops 14 cents in two weeks: Lundberg Average US gas price drops 14 cents in two weeks: Lundberg. The average price of a gallon of gasoline in the United States fell 14 cents in the past two weeks to its lowest level in seven years, according to a Lundberg survey released on Sunday. Regular grade gas fell to $1.91 per gallon in the Jan. 22 survey from $2.05 on Jan. 8, when the previous survey was taken. The price was the lowest since Jan. 23, 2009, when it was roughly $1.86, survey publisher Trilby Lundberg said.
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Posts Tagged âMemorial Day Travel Forecastâ 1 Today’s national average price of gas is $2.44 per gallon, which is 99 cents per gallon less than a year ago. 2  U.S. consumers should save more than $1 billion on gasoline over the holiday weekend compared to 2014, with many drivers saving about $15-$25 on every trip to the gas station. Today’s national average price of gas is $2.44 per gallon, which is 99 cents per gallon less than a year ago. 2  U.S. consumers should save more than $1 billion on gasoline over the holiday weekend compared to 2014, with many drivers saving about $15-$25 on every trip to the gas station.
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Oil Price Volatility As a consequence of the change in oil price, gasoline and diesel fuel prices have experienced steep declines as well. At their high points in 2014, the national average price for gasoline was $3.75 (April) and for diesel was $4.01 (March).
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Posts Tagged âMemorial Day Travel Forecastâ today s national average price of gas is $ 2 44 per gallon which is 99 cents per gallon less than a year ago u s consumers should save more than $ 1 billion on gasoline over the holiday weekend compared to 2014 with many drivers saving about $ 15 $ 25 on every trip to the gas station
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- 1 Insert the SIM card into your laptop. 2  The SIM card slot is usually located under the battery-check your manual. 3  Open the internet connection software on your PC. 4  Open Tools or Options. 5  Click New. 6  Set profile name to amaysim.
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Posts Tagged ânational gas price averageâ 1 Today’s national average price of gas is $2.75 per gallon, which is the lowest average since Oct. 5, 2010. 2  Gas prices nationally are about 52 cents per gallon less expensive than a year ago, which is the greatest year-over-year savings since 2009.WASHINGTON, November 3, 2014) After a streak of 1,409 consecutive days of a national average above $3 per gallon, the price for regular unleaded gasoline fell to $2.99 per gallon on Saturday, which marked the first time the AAA indicator had fallen below that mark since December 22, 2010.
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Why gas prices could drop below $3 a gallon GasBuddy chief oil analyst Tom Kloza said you may not be seeing gas selling below $3 a gallon in places like California, New York, Connecticut or Chicago, but we believe that more than 30 states could see prices fall below that number during the Christmas shopping season..
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Why gas prices are going up as oil prices drop “The Canadian dollar is actually going down, and crude oil prices are always quoted in US dollars,” said Steve Bang, a business professor at Humber College. “So as our dollar slips against the U.S. dollar, what will happen is that the actual price of gas will go up because of that.”.In September 2014, regular gasoline in the Greater Toronto Area (GTA) was selling for an average of $1.30 per litre. At the time, crude oil was selling for about $102.Despite the gas hike, prices at the pumps were much higher last year. Story continues below. By January, the price of fuel fell to $0.91 a litre, and crude had fallen to about $57 a barrel.Now, although crude oil was selling for about $57 a barrel, gasoline in Toronto had risen to $1.03 on average.t the time, crude oil was selling for about $102. Despite the gas hike, prices at the pumps were much higher last year. Story continues below. By January, the price of fuel fell to $0.91 a litre, and crude had fallen to about $57 a barrel.
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- And, that pushes the price up, and high oil prices cause high gas prices. If we had drilled, supply would be up and the price would be down. Maybe down to $1.00/gal like under Clinton (March 1999(1)Regular gasoline actually got down to $0.90/gallon in early March, but I like round numbers.). So I dare you to guess which Obama scenario on the graph above is correct. Don’t cheat.
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Whatâs the difference between premium and regular gas? In most of the U.S., regular gas has an octane rating of 87, midgrade gas is 89, and premium is 91 or 92.n this time of high gasoline prices, the Teeming Millions need your guidance (well, at least I do). What is the difference between premium and regular gas, and is this difference worth the extra money? I normally put premium gas into my car because I don't mind paying two or three extra dollars at the pump.
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Americans Saved $14 Billion on Gasoline this Year the national average price of gas in december was $ 2 51 per gallon which was the lowest monthly average since may 2009 the average in december 2013 was $ 3 26 per gallon consumers this month spent about $ 215 million per day less on gasoline compared to december 2013today s national average price of gas is $ 1 06 per gallon less than a year agomany drivers are saving $ 15 $ 30 every time they go to the gas station compared to a year agooday s national average price of gas is $ 1 06 per gallon less than a year ago many drivers are saving $ 15 $ 30 every time they go to the gas station compared to a year ago
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Americans Saved $14 Billion on Gasoline this Year 1 The average in December 2013 was $3.26 per gallon. 2  Consumers this month spent about $215 million per day less on gasoline compared to December 2013. 3  Today’s national average price of gas is $1.06 per gallon less than a year ago. Consumers this month spent about $215 million per day less on gasoline compared to December 2013. 2  Today’s national average price of gas is $1.06 per gallon less than a year ago. 3  Many drivers are saving $15-$30 every time they go to the gas station compared to a year ago.
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Why are gas prices suddenly heading north? Now, only a third of the filling stations in the country are selling gas for less than $2 a gallon, AAA reports. Last month, it was six in 10 stations. Gas prices move much faster on the way up than down, one petroleum expert told The Canadian Press.ow, only a third of the filling stations in the country are selling gas for less than $2 a gallon, AAA reports. Last month, it was six in 10 stations. Gas prices move much faster on the way up than down, one petroleum expert told The Canadian Press.
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Prices and gasoline demand Prices and gasoline demand. 1  With gasoline prices rising, there’s a lot of speculation about how and whether Americans will change their behavior. 2  There’s also, it turns out, quite a lot of statistical evidence. 3  So you can do econometrics; some of the evidence (and a lot of international data) is here (pdf). In the long run, the best estimate of the price elasticity of demand for auto fuel seems to be -0.7. That is, a 10 percent rise in prices will reduce gas consumption by 7 percent. Of this, 4 points come from shifting to cars with better mileage, 3 points from driving less.
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AAA Monthly Gas Price Report: September 2013 Trends and Autumn Outlook 1 Gas prices in September averaged $3.52 per gallon, which was the lowest national average for the month since 2010 and 31 cents per gallon cheaper than the monthly average a year ago. “Averages in as many as five to ten states could drop below $3.00 per gallon, but there is a floor to how low the national average can go given the very high cost of crude oil.”. 2  The cheapest national average of 2013 thus far was $3.29 per gallon on January 2.
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Gas Prices Are Plummeting: Hereâs How Much the Average American Is Set to Save in 2015 Jan 11, 2015 at 9:05AM. This shouldn't suck as much money out of your wallet in 2015. Gas prices have now fallen for more than 100 days in a row. This has taken the average retail gas price in the U.S. down to $2.26 per gallon according to AAA, which is a price we haven't seen since May of 2009.ccording to AAA, as long as oil prices stay relatively low the average American could save up to $234 at the pump next year. That's upwards of $75 billion staying in the pockets of American consumers instead of being spent at the pump.
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- That's a jump of 3.8 cents a gallon overnight and 7 cents in two days, huge moves in a universe where a penny is considered significant. The nationwide average for regular-grade gasoline Friday was $3.115, up 2.9 cents overnight and 6.2 cents in two days. At that rate, the average price by the middle of next week would break the record $3.227 set May 24. OPIS analyst Tom Kloza calculates that the higher prices mean consumers spent $1.19 billion for fuel Friday, some $250 million more than a year ago, when gasoline averaged $2.288 a gallon and diesel averaged $2.587..
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- 1 The national average price of gas in September was $2.34 per gallon, which was the lowest monthly average since February 2015. 2  By comparison, the average price of gas in September 2014 was $3.39 per gallon.WASHINGTON, September 8, 2015) The 2015 summer driving season ended with the national average at its lowest point for the Labor Day holiday in more than a decade. Motorists paid an average price of $2.40 per gallon at the pump yesterday, a savings of $1.04 per gallon in comparison to last year’s holiday.
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AAA warns Oregon, Northwest drivers: Gas prices about to go up -- fast (poll) In fact, gas prices skyrocketed 56 cents per gallon in spring 2012 and 86 cents per gallon in 2011. Last year, the national average increased 49 cents per gallon over 41 days before peaking at $3.79 per gallon on Feb. 27.fter months of watching a slow but steady decline in gas prices, Northwest drivers should brace themselves for sudden increases caused by maintenance at refineries in California and Washington, the AAA said Tuesday. So far, the year at the pump has been a quiet.
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- When the price of gasoline spikes, drivers scramble to reduce fuel costs. A quick way to save at least 20 cents per gallon (often as much as $4 per fill-up) is to stop pumping premium gas and switch to regular grade.hen the price of gasoline spikes, drivers scramble to reduce fuel costs. A quick way to save at least 20 cents per gallon (often as much as $4 per fill-up) is to stop pumping premium gas and switch to regular grade.
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Get Used to Gas Prices Under $3 Per Gallon The report projects that gas prices will keep declining through the end of the year, with a national average of $2.80 expected for December. And the average for 2015 as a whole is being forecast at $2.94 per gallon.f the forecasts hold up, by December the national average will have dropped 90¢ from the 2014 high, and the 2015 average will be roughly 70¢ lower than that of 2012—when it was $3.63, the overall most expensive year (thus far) for gasoline.
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Why Gas Is Priced in Tenths of Cents You see, pricing gas by the 9/10ths of a cent works a lot like when other stores sell items for prices ending with “.99″. Shoppers place much greater emphasis on the first number in a price and tend to ignore the least significant digits.ou see, pricing gas by the 9/10ths of a cent works a lot like when other stores sell items for prices ending with “.99″. Shoppers place much greater emphasis on the first number in a price and tend to ignore the least significant digits.
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The Price of Premium Gas According to U.S.A. Today ‘s “Weekend Gas Gauge,” the current average price of regular gasoline is $4.026 per gallon. A year ago the price was $2.945. What I hadn’t realized was that the gap between regular gas and premium gas has also increased.Right now, premium gas is 38.5 cents per gallon more expensive than regular gas.A year ago, that gap was 29.5 cents. year ago the price was $2.945. What I hadn’t realized was that the gap between regular gas and premium gas has also increased. Right now, premium gas is 38.5 cents per gallon more expensive than regular gas. A year ago, that gap was 29.5 cents.
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Gas prices frozen by dollar Photo: Ragnar Haagen. Despite oil prices plummeting globally, it's still not much cheaper for Okanagan residents to fill their tanks. Oil has dropped to a five-year low and dragged the Canadian dollar with it-a key factor in why Okanagan residents are still paying the same price for fuel.Dan McTeague senior petroleum analyst for Canada with Gasbuddy.com said there are three major factors in Okanagan gas prices.1  Currency differential.inally, transportation costs from the pipeline to our gas stations mean smaller communities sometimes pay more than others. Weighing the three, McTeague said the difference in the Canadian dollar makes up about 80 per cent of the current price of gas.