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Author
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Topic: Computers
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Bob Maar
(Maar stands for Maartini)

Posts: 28608
From: New York City & Newport, RI
Registered: Feb 2001
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posted 01-15-2003 12:31 PM
Rated G
Useless fact - Why are gasoline prices listed to three decimal places, such as $1.479 per gallon?
Many years ago gasoline taxes were less than a cent per gallon.The oil companies simply added the required tax to the current price per gallon.For example, if the tax was nine tenths of a cent,or $0.009 and the price of gasoline was $0.25 per gallon, then the two added together became $0.259.Over a period of time this practice became a custom.
The price of gasoline is determined by the price of crude oil, refining costs,transportation and storage costs,and taxes.Taxes are often 40 percent of the cost per gallon.Because many people feel that "gasoline is gasoline,"they wonder why some gasoline stations have lower prices than others.Actually, gasoline sold by different stations is different.Although each manufacturer must adhere to strict government regulations, many manufacturers add antioxidants, metal deactivators, corrosion inhibitors,and other elements to the gasoline.Each manufacturer has its own "package of additives." Higher-priced gasolines have many additives,cheaper gasolines have few if any.
~source used: "Do Fish Drink Water" by Bill McLain~
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