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Its Time. Get Rid of 1/10 Cent Gasoline Pricing!


Chai
 
Reply Mon 16 Jun, 2008 03:20 pm
you forgot to take your meds today, didn't you?
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Reply Mon 16 Jun, 2008 03:28 pm
Chai, you're very near becoming an official poopity-head. Another .9999 cents and you will cross the line.
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Setanta
 
Reply Mon 16 Jun, 2008 03:29 pm
Goddamnit . . . let's just shoot some sumbitch . . .
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Chai
 
Reply Mon 16 Jun, 2008 03:36 pm
You know, this reminds me of something.....


years back, this person who worked at one of our clinics came to me and said he was getting cheated on his hourly wage. Seems that he didn't like the fact that when he got his yearly raise it was rounded to the nearest 2 digits after the decimal point. So, where he was making $14.32 an hour 3 years ago, he firgured he should have been making $14.32145 an hour, an extra .00145 an hour. Not only that, but 2 years ago he should have been making an extra .00204 an hour, and last year .00241.

Turns out he was totally serious, and insisted on getting his back pay and interest.

I told him to go home and figure out all the hours he had worked the last 3 separate years, and get back to me.

He did.

Seems we owed him something like 7.34 cents before taxes for the last 3 years.

I told him I'd tell payroll to add it to his next check.

"NO" he said, "I've had to wait for my money for three years, and I want it NOW."

I took 10 bucks out of petty cash and handed it to him.

In his next check, he got his $7.34 minus taxes, netting something like $6.75

I asked him for the 10 bucks back, and he couldn't understand why.

I really got a lot of pleasure reminding him every day for the next few weeks that he had stolen $10.00 from the company, until finally he gave it back.

stupid idjit.
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Chai
 
Reply Mon 16 Jun, 2008 03:37 pm
dyslexia wrote:
Chai, you're very near becoming an official poopity-head. Another .9999 cents and you will cross the line.



Is it me, or is it humid in here?
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okie
 
Reply Mon 16 Jun, 2008 03:46 pm
Chai wrote:
You know, this reminds me of something.....


years back, this person who worked at one of our clinics came to me and said he was getting cheated on his hourly wage. Seems that he didn't like the fact that when he got his yearly raise it was rounded to the nearest 2 digits after the decimal point. So, where he was making $14.32 an hour 3 years ago, he firgured he should have been making $14.32145 an hour, an extra .00145 an hour. Not only that, but 2 years ago he should have been making an extra .00204 an hour, and last year .00241.

Turns out he was totally serious, and insisted on getting his back pay and interest.

Yeah and the gasoline people are totally serious with their 9/10 of a penny too, chai, can you believe it? Ever try cutting a penny into tenths?
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parados
 
Reply Mon 16 Jun, 2008 04:08 pm
okie wrote:


Would you agree if retailers began pricing gasoline at $3.99 and 99/100 cent or $3.99 and 999/1000 of a cent? Would the public get upset? I think so, and I think there would be an outcry of foul. I think we should cry foul over 9/10 of a penny now, and the only reason we aren't is because people have gotten used to the abuse.


What difference does it make? The price for the volume you purchased is rounded up to the next penny whether it uses 10 cent increments or 1/1,000,000 of 1 cent increments.


For someone that professes free markets should exist without government interference you are asking for some pretty inane interference. When did okie become a commie?
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okie
 
Reply Mon 16 Jun, 2008 04:27 pm
There is a difference in refereeing a game and playing a game, parados. I believe in referees and playing a game fairly. I just don't believe in the referees playing the game, but they should officiate the game with reasonable rules, especially those that simplify the play of the game.
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parados
 
Reply Mon 16 Jun, 2008 04:37 pm
okie wrote:
There is a difference in refereeing a game and playing a game, parados. I believe in referees and playing a game fairly. I just don't believe in the referees playing the game, but they should officiate the game with reasonable rules, especially those that simplify the play of the game.


That is too funny okie.


Telling them what they can charge isn't playing the game but telling them where they can drill is playing the game.
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Reply Mon 16 Jun, 2008 04:48 pm
why do you call a cent a penny?
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parados
 
Reply Mon 16 Jun, 2008 05:00 pm
Steve 41oo wrote:
why do you call a cent a penny?

US - one cent coin is called a penny
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Setanta
 
Reply Mon 16 Jun, 2008 05:08 pm
Also, amounts less than one dollar are referred to as cents, whereas the actual coins are referred to as pennies. So, if the sales tax were 5% . . .

That's 99 cents and five cents tax, so that'll be a dollar and four cents.

Hold on, i think i have four pennies in my pocket.
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Chai
 
Reply Mon 16 Jun, 2008 05:28 pm
okie wrote:
Ever try cutting a penny into tenths?


Why yes, I have.

I have a laser cutter I use to slice all my baloney.
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okie
 
Reply Tue 17 Jun, 2008 09:21 pm
According to what I can gather, accepted tolerance of gas pumps flow meters is about 0.3%. For 1 gallon of gas at $4.00 per gallon, this amounts to 1.2 cents. To pretend that pricing in tenths of a cent when the tolerance of accuracy is more than ten times that is pretty much, who are you trying to kid? Add to this the fact that it is not that rare that pumps are out of compliance, perhaps making a difference of 2 or 3 cents per gallon, sometimes in favor of the motorists, so it doesn't appear to be a scam in the vast majority of cases of non-compliance.

I have known people that would drive miles to save a penny or two on gas. Of course, they are pretty much clueless, especially when they go in and buy a few dollars worth of lottery tickets, this after costing themselves more in gas than they saved by driving the extra distance.

So we have gas pumps that are only capable of measuring volumes to within about a penny per gallon, but the merchants are pricing it in tenths of a penny. I think it only reasonable that pricing schemes be consistent with measurement ability. Yes, its time the whole scheme was thrown in the scrap heap of history.
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