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#1
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Why do they still use the 9/10 cent on gas prices?
It seems that with gasoline being aound $4 a gallon, that 9/10 of a cent
makes little difference. Why do they still use it? Why did they use it in the first place? Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow. |
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#2
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Why do they still use the 9/10 cent on gas prices?
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#3
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Why do they still use the 9/10 cent on gas prices?
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#4
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Why do they still use the 9/10 cent on gas prices?
"devnull" wrote in message ... On 09/18/2012 04:23 PM, wrote: It seems that with gasoline being aound $4 a gallon, that 9/10 of a cent makes little difference. Why do they still use it? Why did they use it in the first place? Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow. Agreed! And if I had my way, we'd just eliminate the penny. The things are worthless...in fact so worthless that I just toss them in the trash. Toss them in the trash? With the price of copper what it is? Wow. From my gas station days (40 years ago), the fractions of a cent were used competitively. Say the gas price was 29.9 cents at one station; another station would mark it down to 29.4 cents and the traffic would flow in. Now, it's just tradition and marketing to have that fraction. Wonder what brand will be the first to drop it. Tomsic |
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#5
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Why do they still use the 9/10 cent on gas prices?
On 9/18/2012 7:15 PM, Tomsic wrote:
"devnull" wrote in message ... On 09/18/2012 04:23 PM, wrote: It seems that with gasoline being aound $4 a gallon, that 9/10 of a cent makes little difference. Why do they still use it? Why did they use it in the first place? Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow. Agreed! And if I had my way, we'd just eliminate the penny. The things are worthless...in fact so worthless that I just toss them in the trash. Toss them in the trash? With the price of copper what it is? Wow. From my gas station days (40 years ago), the fractions of a cent were used competitively. Say the gas price was 29.9 cents at one station; another station would mark it down to 29.4 cents and the traffic would flow in. Now, it's just tradition and marketing to have that fraction. Wonder what brand will be the first to drop it. Tomsic we did that in '79 during the alleged shortage. It was like a buck four point nine, the station across the street would change to %1.04.8 ..... Boss man would say drop it two tenths, change the pumps then the sign. Sometimes we'd change those 12 pumps 4 or 5 times a day. -- Steve Barker remove the "not" from my address to email |
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#6
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Why do they still use the 9/10 cent on gas prices?
"Tomsic" wrote in message . Toss them in the trash? With the price of copper what it is? Wow. They are not made out of copper anymore. I doubt you would find very many incirculation that are copper. I am not sure what the material theya re made of now is worth. I have heard there are millions of copper pennys stored and the ones that have them are waiting on a law that allows melting down coins as the copper is worth much more than the penny. Not sure if any of that is true. |
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#7
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Why do they still use the 9/10 cent on gas prices?
Zinc, with a little copper clad.
Christopher A. Young Learn more about Jesus www.lds.org .. "Ralph Mowery" wrote in message m... "Tomsic" wrote in message . Toss them in the trash? With the price of copper what it is? Wow. They are not made out of copper anymore. I doubt you would find very many incirculation that are copper. I am not sure what the material theya re made of now is worth. I have heard there are millions of copper pennys stored and the ones that have them are waiting on a law that allows melting down coins as the copper is worth much more than the penny. Not sure if any of that is true. |
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#8
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Why do they still use the 9/10 cent on gas prices?
On Sep 18, 11:05*pm, "Ralph Mowery"
wrote: "Tomsic" wrote in message . Toss them in the trash? *With the price of copper what it is? *Wow. They are not made out of copper anymore. *I doubt you would find very many incirculation that are copper. *I am not sure what the material theya re made of now is worth. I have heard there are millions of copper pennys stored and the ones that have them are waiting on a law that allows melting down coins as the copper is worth much more than the penny. Not sure if any of that is true. It's actually legal to melt down any coins other than nickles and pennies. The regulation banning the melting of pennies and nickles went into effect in 2006, specifically to prevent them from being melted down due to rising metal prices. Another example of your govt at work for you. |
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#9
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Why do they still use the 9/10 cent on gas prices?
On Sep 18, 8:18*pm, "Tomsic" wrote:
"devnull" wrote in message ... On 09/18/2012 04:23 PM, wrote: It seems that with gasoline being aound $4 a gallon, that 9/10 of a cent makes little difference. *Why do they still use it? *Why did they use it in the first place? *Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow. Agreed! And if I had my way, we'd just eliminate the penny. The things are worthless...in fact so worthless that I just toss them in the trash. Toss them in the trash? *With the price of copper what it is? *Wow. They debased the penny about 30 years ago, replacing the copper with zinc and just plating it with copper. So a lot of them have very little copper in them. |
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#10
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Why do they still use the 9/10 cent on gas prices?
On Wed, 19 Sep 2012 03:40:20 -0700 (PDT), "
wrote: On Sep 18, 8:18*pm, "Tomsic" wrote: "devnull" wrote in message ... On 09/18/2012 04:23 PM, wrote: It seems that with gasoline being aound $4 a gallon, that 9/10 of a cent makes little difference. *Why do they still use it? *Why did they use it in the first place? *Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow. Agreed! And if I had my way, we'd just eliminate the penny. The things are worthless...in fact so worthless that I just toss them in the trash. Toss them in the trash? *With the price of copper what it is? *Wow. They debased the penny about 30 years ago, replacing the copper with zinc and just plating it with copper. So a lot of them have very little copper in them. That's why they are no longer recommended to be used in place of a fuse in a fuse box! |
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#11
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Why do they still use the 9/10 cent on gas prices?
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#12
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Why do they still use the 9/10 cent on gas prices?
Tomsic wrote:
"devnull" wrote in message ... On 09/18/2012 04:23 PM, wrote: It seems that with gasoline being aound $4 a gallon, that 9/10 of a cent makes little difference. Why do they still use it? Why did they use it in the first place? Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow. Agreed! And if I had my way, we'd just eliminate the penny. The things are worthless...in fact so worthless that I just toss them in the trash. Toss them in the trash? With the price of copper what it is? Wow. They haven't been made of copper for almost 20 years. -- dadiOH ____________________________ Winters getting colder? Tired of the rat race? Maybe just ready for a change? Check it out... http://www.floridaloghouse.net |
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#13
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Why do they still use the 9/10 cent on gas prices?
On Tue, 18 Sep 2012 20:15:54 -0400, Tomsic wrote:
Toss them in the trash? With the price of copper what it is? It's not copper. |
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#14
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Why do they still use the 9/10 cent on gas prices?
On Wed, 19 Sep 2012 16:07:14 +0000 (UTC), "J.G."
wrote: On Tue, 18 Sep 2012 20:15:54 -0400, Tomsic wrote: Toss them in the trash? With the price of copper what it is? It's not copper. I don't think the new ones are even metal. ;-) |
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#15
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Why do they still use the 9/10 cent on gas prices?
Tomsic wrote:
"devnull" wrote in message ... On 09/18/2012 04:23 PM, wrote: It seems that with gasoline being aound $4 a gallon, that 9/10 of a cent makes little difference. Why do they still use it? Why did they use it in the first place? Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow. Agreed! And if I had my way, we'd just eliminate the penny. The things are worthless...in fact so worthless that I just toss them in the trash. Toss them in the trash? With the price of copper what it is? Wow. There ain't much copper in a penny anymore....less than 3%, the rest is zinc. Jeff -- Jeffry Wisnia (W1BSV + Brass Rat '57 EE) The speed of light is 1.8*10e12 furlongs per fortnight. From my gas station days (40 years ago), the fractions of a cent were used competitively. Say the gas price was 29.9 cents at one station; another station would mark it down to 29.4 cents and the traffic would flow in. Now, it's just tradition and marketing to have that fraction. Wonder what brand will be the first to drop it. Tomsic |
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#16
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Why do they still use the 9/10 cent on gas prices?
On Wed, 19 Sep 2012 17:36:51 -0400, jeff_wisnia
wrote: Tomsic wrote: "devnull" wrote in message ... On 09/18/2012 04:23 PM, wrote: It seems that with gasoline being aound $4 a gallon, that 9/10 of a cent makes little difference. Why do they still use it? Why did they use it in the first place? Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow. Agreed! And if I had my way, we'd just eliminate the penny. The things are worthless...in fact so worthless that I just toss them in the trash. Toss them in the trash? With the price of copper what it is? Wow. There ain't much copper in a penny anymore....less than 3%, the rest is zinc. Jeff Since 2000, Canadian pennies are 94% steel, 1.5% nickel, and 4.5% copper. |
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#17
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Why do they still use the 9/10 cent on gas prices?
On Tue, 18 Sep 2012 19:56:41 -0400, devnull wrote:
On 09/18/2012 04:23 PM, wrote: It seems that with gasoline being aound $4 a gallon, that 9/10 of a cent makes little difference. Why do they still use it? Why did they use it in the first place? Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow. Agreed! And if I had my way, we'd just eliminate the penny. The things are worthless...in fact so worthless that I just toss them in the trash. Canada has already gotten rid of the penny. |
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#19
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Why do they still use the 9/10 cent on gas prices?
On Tuesday, 18 September 2012 21:44:47 UTC-4, Dusenberg wrote:
Canada has already gotten rid of the penny. Getting rid of the penny itself but not the denomination. Still a base 100 dollar. So electronically, still pay to the penny correct? Correct, and also with paper cheques. But "already gotten rid of" is premature; withdrawal is slated for next Spring, by which I presume they mean that banks will no longer issue them. Old ones will remain valid. Unclear whether merchants can decline to accept them when offered in exact change. If not, you could play a game where you pay with them when the rounding would not be in your favour, and allow the merchant to round when it is. You know, when you really want to show folks that your time and energy are worth less than four cents. (Perhaps, an alternative to posting to newsgroups.) As of now, still business as usual. Saw one of those souvenir coin presses a while ago that had a big sign insisting that you NOT use US or Canadian pennies; instead as part of the cost you got a little copper blank. I get that defacing US coinage gets you a visit from MIB but I don't think anyone cares if you mash a Canadian one. I'm thinking it's because ours are now a copper-plated steel core and it screws up the machine's dies. Chip C Toronto |
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#20
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Why do they still use the 9/10 cent on gas prices?
On Wed, 19 Sep 2012 10:49:09 -0700 (PDT), Chip C
wrote: On Tuesday, 18 September 2012 21:44:47 UTC-4, Dusenberg wrote: Canada has already gotten rid of the penny. Getting rid of the penny itself but not the denomination. Still a base 100 dollar. So electronically, still pay to the penny correct? Correct, and also with paper cheques. But "already gotten rid of" is premature; withdrawal is slated for next Spring, by which I presume they mean that banks will no longer issue them. Old ones will remain valid. The last penny was minted earlier this summer. They will remain in use for some time - Unclear whether merchants can decline to accept them when offered in exact change. If not, you could play a game where you pay with them when the rounding would not be in your favour, and allow the merchant to round when it is. You know, when you really want to show folks that your time and energy are worth less than four cents. (Perhaps, an alternative to posting to newsgroups.) As of now, still business as usual. Saw one of those souvenir coin presses a while ago that had a big sign insisting that you NOT use US or Canadian pennies; instead as part of the cost you got a little copper blank. I get that defacing US coinage gets you a visit from MIB but I don't think anyone cares if you mash a Canadian one. I'm thinking it's because ours are now a copper-plated steel core and it screws up the machine's dies. No - the penny press can be damaged pressing the alloy or sandwich pennies, and the resulting product is grossly inferior to the copper blank. or old copper penny. Chip C Toronto |
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#21
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Why do they still use the 9/10 cent on gas prices?
wrote in message ... On Tue, 18 Sep 2012 19:56:41 -0400, devnull wrote: On 09/18/2012 04:23 PM, wrote: It seems that with gasoline being aound $4 a gallon, that 9/10 of a cent makes little difference. Why do they still use it? Why did they use it in the first place? Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow. Agreed! And if I had my way, we'd just eliminate the penny. The things are worthless...in fact so worthless that I just toss them in the trash. Canada has already gotten rid of the penny. Didn't know that. I have lots. Tomsic |
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#22
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Why do they still use the 9/10 cent on gas prices?
In article ,
wrote: On Tue, 18 Sep 2012 19:56:41 -0400, devnull wrote: On 09/18/2012 04:23 PM, wrote: It seems that with gasoline being aound $4 a gallon, that 9/10 of a cent makes little difference. Why do they still use it? Why did they use it in the first place? Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow. Agreed! And if I had my way, we'd just eliminate the penny. The things are worthless...in fact so worthless that I just toss them in the trash. Canada has already gotten rid of the penny. Didn't they also get rid of their $1 paper note? That's just loonie. m |
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#23
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Why do they still use the 9/10 cent on gas prices?
our country is so inefficent.
pennies should be eminated they cost more to make than they ae worth nickles are another candidate for the dustbin of history....... paper ones and 5 dollar bills should be metal only...... any post office within 5 miles of another one should be permanetely closed,they are unnecessary. the postal service should permit grccery stores to have mini post offices. postal mail delivery should move to 3 days a week monday wednesday and friday only the postal service should get out of delivering packages. that duplicates fed x and ups.. the root of all this waste is congress. strict term limits would help end much of this idoacy..... 2 terms and your out no lifetime benies |
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#24
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Why do they still use the 9/10 cent on gas prices?
"bob haller" wrote
the postal service should permit grccery stores to have mini post offices. They do; they're called contract stations and they've existed since the beginnings of the post office. the postal service should get out of delivering packages. that duplicates fed x and ups.. The Postal Service delivers packages cheaper than FedEx or UPS and requires signatures by the recipient. FedEx and UPS throw the packages over the fence or leave them where people can steal them. Whenever I need to ship anything I always use the Postal Service. |
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#25
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Why do they still use the 9/10 cent on gas prices?
On Wednesday, September 19, 2012 2:33:14 AM UTC-4, bob haller wrote:
pennies should be eminated they cost more to make than they ae worth True but totally irrelevant, since one penny can be used to exchange it's value 10,000 times. Now, if the production cost is higher than the metal value AND the metal value is higher than face value THEN you have problem. That COULD happen in the foreseeable future but hasn't yet. The real question is, does it take more than 2 cents worth of the average person's time to count and exchange 4 pennies (two people involved in the exchange). paper ones and 5 dollar bills should be metal only...... (Assuming you mean they should be replaced by coins.) I'm not sure I agree unless they are made much smaller, and people already don't like the Susan B. The weight of carrying a bunch of singles (which is sometimes very handy) can be an issue. the root of all this waste is congress. strict term limits would help end much of this idoacy..... 2 terms and your out no lifetime benies Maybe. That also means that at any given time, up to half of congress would have little motivation to please their constituents. I'm not sure if that's better or worse... |
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#26
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Why do they still use the 9/10 cent on gas prices?
On 19 Sep 2012 06:16:55 GMT, (Fake ID) wrote:
In article , wrote: On Tue, 18 Sep 2012 19:56:41 -0400, devnull wrote: On 09/18/2012 04:23 PM, wrote: It seems that with gasoline being aound $4 a gallon, that 9/10 of a cent makes little difference. Why do they still use it? Why did they use it in the first place? Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow. Agreed! And if I had my way, we'd just eliminate the penny. The things are worthless...in fact so worthless that I just toss them in the trash. Canada has already gotten rid of the penny. Didn't they also get rid of their $1 paper note? That's just loonie. m Got rid of the $2 bill too - replaced with the "twonie" - and now replacing rag-paper bills with polymer bills. |
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#27
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Why do they still use the 9/10 cent on gas prices?
wrote:
On Tue, 18 Sep 2012 19:56:41 -0400, devnull wrote: On 09/18/2012 04:23 PM, wrote: It seems that with gasoline being aound $4 a gallon, that 9/10 of a cent makes little difference. Why do they still use it? Why did they use it in the first place? Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow. Agreed! And if I had my way, we'd just eliminate the penny. The things are worthless...in fact so worthless that I just toss them in the trash. Canada has already gotten rid of the penny. Think "US Mint workers union".... Jeff -- Jeffry Wisnia (W1BSV + Brass Rat '57 EE) The speed of light is 1.8*10e12 furlongs per fortnight. |
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#28
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Why do they still use the 9/10 cent on gas prices?
devnull wrote:
On 09/18/2012 04:23 PM, wrote: It seems that with gasoline being aound $4 a gallon, that 9/10 of a cent makes little difference. Why do they still use it? Why did they use it in the first place? Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow. Agreed! And if I had my way, we'd just eliminate the penny. The things are worthless...in fact so worthless that I just toss them in the trash. If I drop pennies, I don't pick them up. Greg |
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#29
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Why do they still use the 9/10 cent on gas prices?
gregz wrote in news:1712672016369710999.929015zekor-
: If I drop pennies, I don't pick them up. So your time is worth more than $36/hour? It takes less than second to stoop and pick up a coin. There are 3600 seconds in an hour. Do the math. |
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#30
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Why do they still use the 9/10 cent on gas prices?
On Wed, 19 Sep 2012 02:44:01 +0000 (UTC), Doug Miller
wrote: gregz wrote in news:1712672016369710999.929015zekor- : If I drop pennies, I don't pick them up. So your time is worth more than $36/hour? ~1/4 of my time is. It takes less than second to stoop and pick up a coin. There are 3600 seconds in an hour. Do the math. It's also littering. I won't pick up a penny but will pick up one I've dropped. |
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#31
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Why do they still use the 9/10 cent on gas prices?
On Wed, 19 Sep 2012 02:44:01 +0000 (UTC), Doug Miller
wrote: gregz wrote in news:1712672016369710999.929015zekor- : If I drop pennies, I don't pick them up. So your time is worth more than $36/hour? It takes less than second to stoop and pick up a coin. There are 3600 seconds in an hour. Do the math. You let me know where I can find enough pennies on the ground where I can do that. Oh, you can't. That's why your "example" is meaningless. You would be lucky to find more then 10 or 20 pennies in an hour of searching, that's going to get you a paycheck of less then $0.25/hour. Do the math. Maybe that's all your time is worth... I've got better things to do. The penny should have been done away with years ago. That fact that it hasn't is testimony to the stupidity that is rampant in Congress and the US in general. |
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#32
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Why do they still use the 9/10 cent on gas prices?
On Wednesday, September 19, 2012 1:35:56 AM UTC-4, Ashton Crusher wrote:
That fact that it hasn't is testimony to the stupidity that is rampant in Congress and the US in general. I would blame congress for a lot of things, but I'm not sure this is one of them. We've already had one person in this thread who was outraged that he thought he was being cheated out of a tenth of a cent every time he filled up. Imagine the protests if people thought they might be losing 4 cents sometimes... |
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#33
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Why do they still use the 9/10 cent on gas prices?
Ashton Crusher wrote in
: On Wed, 19 Sep 2012 02:44:01 +0000 (UTC), Doug Miller wrote: gregz wrote in news:1712672016369710999.929015zekor- : If I drop pennies, I don't pick them up. So your time is worth more than $36/hour? It takes less than second to stoop and pick up a coin. There are 3600 seconds in an hour. Do the math. You let me know where I can find enough pennies on the ground where I can do that. Oh, you can't. That's why your "example" is meaningless. You would be lucky to find more then 10 or 20 pennies in an hour of searching, You missed the point rather badly, I'm afraid. that's going to get you a paycheck of less then $0.25/hour. Do the math. Maybe that's all your time is worth... I've got better things to do. So do I. That's why I don't walk around searching for dropped change. That would be nearly as stupid as thinking that I suggested doing that. All I do is keep my eyes open, and pick up any coin that I happen to walk past -- on a sidewalk, in a parking lot as I'm walking to my car, whatever. I get three or four bucks a year that way, at a cost of almost zero time and effort. |
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#34
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Why do they still use the 9/10 cent on gas prices?
wrote:
It seems that with gasoline being aound $4 a gallon, that 9/10 of a cent makes little difference. Why do they still use it? Why did they use it in the first place? Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow. Here is a subject dear to my heart. Gas here about $ 3.99 9/10 It looked cool at $ .19 9/10 I don't even like pennies. Local service station/market/ service facility to me they make no money using credit cards for gas. You would love this facility. I now get all my stuff done there. Greg |
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#35
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Why do they still use the 9/10 cent on gas prices?
I thought a penny saved, is a penny taxed.
Christopher A. Young Learn more about Jesus www.lds.org .. "RobertPatrick" wrote in message eb.com... A penny saved is a penny earned. |
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#36
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Why do they still use the 9/10 cent on gas prices?
On 19 Sep 2012 02:14:27 GMT, RobertPatrick wrote:
A penny saved is a penny earned. That was a lot more meaningful when 2 cents bought a loaf of bread. TO bring it up to date it would be $3 saved is $3 earned. but a penny saved is just foolish lily gilding. |
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#37
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Why do they still use the 9/10 cent on gas prices?
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#38
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Why do they still use the 9/10 cent on gas prices?
On Tuesday, September 18, 2012 10:13:21 PM UTC-4, Ed Pawlowski wrote:
On Tue, 18 Sep 2012 15:23:38 -0500, wrote: Besides that, since a penny can not be broken down any smaller than one cent, we always pay a fraction of a cent more than the gas pump reads to compensate for that 9/10 of a penny anyhow. Ah, no, you don't. Next time you fill up, do the math. Yup, when I put $50 in my tank, I pay $50, not $50.001. |
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#39
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Why do they still use the 9/10 cent on gas prices?
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