Today I Found Out

How Did the Practice of Pricing Fuel with 9/10th of a Penny Get Started? (2019x185)

: 17, 2019

Check my other channel Biographics! https://www.youtube.com/→→Subscribe for new videos every day! https://www.youtube.com/user/TodayIFoundOut?sub_confirmation=1 Follow Simon on social media: https://twitter.com/SimonWhistler https://www.instagram.com/simonwhistler/ Never run out of things to say at the water cooler with TodayIFoundOut! Brand new videos 7 days a week! More from TodayIFoundOut: What Happens If Parents Don't Give Their Baby a Name? https://youtu.be/Eq6Kpz76FGs Who was Sadie Hawkins and Why Does She Have a Dance Named After Her? https://youtu.be/JMJcNjjEXl4 In this video: The practice of pricing fuel with a fraction of a penny is thought to have started around the 1930s. While we can’t be sure who was the first to price fuel this way, it seems to have become relatively commonplace across the United States all the sudden around the same time. So what happened? In short- taxes and the Great Depression. Want the text version?: http://www.todayifoundout.com/index.php/2015/04/gas-pricers-get-set-prices-ending-910ths-cent-nothing-else-priced-way/ Sources: http://www.livescience.com/33045-why-do-most-prices-end-in-99-cents-.html http://aoghs.org/transportation/first-gas-pump-and-service-stations/ http://www.nacsonline.com/YourBusiness/FuelsReports/GasPrices_2013/Pages/100PlusYearsGasolineRetailing.aspx http://news.bbc.co.uk/2/hi/uk_news/magazine/7522426.stm http://www.consumerschoiceaward.com/blog/post/2012/12/21/Psychological-Pricing-Why-Do-Most-Prices-End-in-95-cents.aspx http://www.theatlantic.com/business/archive/2015/01/the-psychological-difference-between-1200-and-1167/384993/ http://www.reuters.com/article/2011/05/26/us-usa-gasoline-pricing-idUSTRE74P5EQ20110526 http://articles.latimes.com/2009/jan/07/business/fi-lazarus7 http://www.wbtv.com/story/17140610/why-do-gas-prices-come-with-a-910-on-the-end http://jacksonville.com/opinion/blog/402032/jessie-lynne-kerr/2010-11-22/why-do-gas-prices-end-910s-cent htt