06-12-2023, 05:10 PM
|
 |
Senior Member
|
|
Join Date: Mar 2017
Location: ABQ, New Mexico
Posts: 36,633
Thanks: 3,506
Thanked 136,538 Times in 22,784 Posts
|
|
The Reason Gas Stations Charge 9/10 of a Cent
Quote:
|
Blame the government and the Great Depression. The Revenue Tax Act of 1932 allowed for a federal tax of $0.01 to be placed on gas prices to help offset the national debt. Because gas was priced in pennies in those days, a fraction of a cent was considered reasonable—rounding up would have meant tacking on a massive surcharge. If filling up your tank cost 10 cents, and you had to pay another full cent instead of only a fraction, well, you’d be hopping mad about it.
|
|