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Showing posts with the label gas stations

Why Do Gas Prices Always End in .9 Cents?

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(NEXSTAR) — If gas prices weren't already steep enough, there's an additional annoyance: a persistent fraction tacked onto each gallon, specifically nine-tenths of a cent. You typically notice this unusual pricing at the gas station (and almost never anywhere else). Since we cannot pay in fractions of a cent, why don’t gas stations simply round up? So where exactly does that 9/10 come from anyway? This tradition is a century-old custom that refuses to disappear. Ed Jacobsen, the founder of the Northwoods Petroleum Museum in Wisconsin, points out that the practice of setting prices at fractions of a penny originated with the initial gasoline taxes levied by state and federal governments beginning in 1919 through the period of the Great Depression. Back then, a gallon of gasoline could be purchased for approximately 10 cents, hence the taxes were relatively modest, measured in increments of one-tenth of a cent. Jacobsen told WSYR Gas stations directly transferre...

Walmart Expands Nationwide: Adding Gas Stations in 34 States

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We're expanding our network of physical stores across the country. This year, by adding numerous Fuel and Convenience outlets, we aim to deliver greater value to our customers. As many grocery stores proceed with focusing on e-commerce, pickup services, and deliveries. Walmart is sticking with the conventional brick-and-mortar approach by expanding its network across the country through the addition of numerous Fuel and Convenience stores to its extensive collection of physical sites. Recently, the retail giant disclosed its strategy to broaden its chain of Fuel and Convenience stores throughout the U.S., with intentions to launch 45 fresh or refurbished outlets in 2025. This growth initiative forms part of Walmart’s ongoing commitment to invest in brick-and-mortar shops, maintain affordable pricing, and provide an all-inclusive shopping destination for consumers. After the firm expanded nationally during the 1970s, Walmart has established itself as the budget-fri...

Costco Customers Get Extended Hours to Fill Up Their Tanks

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Costco members currently enjoy an extended period during which they can access the warehouse chain’s fuel stations. get fuel for their vehicles. That comes after Costco recently extended the operating hours at its North American gas stations daily. During the company’s earnings call on March 6, CEO Ron Vachris stated that Costco “increased operating hours at our gas stations across North America throughout the quarter to provide greater convenience for our members when refueling.” He informed analysts and investors that typically, our stations are extending their operating hours by one additional hour compared to before, with several also starting their operations slightly earlier. COSTCO CHAIRMAN SHARES UNEXPECTED LUXURY PRODUCTS POPULAR WITH CUSTOMERS: 'WEALTHY INDIVIDUALS ENJOY EXCELLENT VALUE' Last month, the wholesale club shared the updated operating times for its fueling stations via a Facebook post, mentioning that t...