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A price of $2.29 and 9/10ths gives the individual the impression that they are only paying $2.29 per gallon when they are essentially paying $2.30- two insignificantly different prices that nonetheless make a world of difference when a customer is picking a gas station to fuel up at.ou see, pricing gas by the 9/10ths of a cent works a lot like when other stores sell items for prices ending with â.99â³. Shoppers place much greater emphasis on the first number in a price and tend to ignore the least significant digits.
âThe Canadian dollar is actually going down, and crude oil prices are always quoted in US dollars,â said Steve Bang, a business professor at Humber College. âSo as our dollar slips against the U.S. dollar, what will happen is that the actual price of gas will go up because of that.â.In September 2014, regular gasoline in the Greater Toronto Area (GTA) was selling for an average of $1.30 per litre. At the time, crude oil was selling for about $102.Despite the gas hike, prices at the pumps were much higher last year. Story continues below. By January, the price of fuel fell to $0.91 a litre, and crude had fallen to about $57 a barrel.Now, although crude oil was selling for about $57 a barrel, gasoline in Toronto had risen to $1.03 on average.t the time, crude oil was selling for about $102. Despite the gas hike, prices at the pumps were much higher last year. Story continues below. By January, the price of fuel fell to $0.91 a litre, and crude had fallen to about $57 a barrel.