Echidna Media Organization project S.N.A.L. (emo_snal) wrote,
Echidna Media Organization project S.N.A.L.

21 of 30 - Grading Petroleum

At least here in the United States, gasoline is always sold as "Regular" "[something I can't remember]" and "Premium." It is always sold in increments of 10 cents -- back when Regular was $1.00, Midgrade would be $1.10 (/gallon) and Premium $1.20 (all prices plus 9 tenths of a cent actually because gas stations are sheisty like that). When Regular was $2.00, Mid would be $2.10 and Premium $2.20 ... and at present here Regular is $4.62, Mid $4.72, and Premium $4.82, on average in the LA area.

When Regular was a dollar, I'd have assumed Mid cost 10% more to produce/provide, and Premium 20% more, hence the price. This seems like a logical deduction to me. But by that logic, Premium should presently be $5.54, not $4.82. At the latter price its now only 4% more expensive than Regular.

So whats the deal with the different grades?

Also, who buys the Midgrade (and btw its not called "Midgrade" at the pumps. I can't remember what its actually usually called around here). It would seem to me most people buy the Regular because its cheapest and there's not generally believed to be a worthwhile difference. However, I know some people want the best of everything, so they'll buy the premium for their gold plated hummer H3s. But who thinks "I want a little better, but I'm only gonna go 2% better, 4% better is just gratuitous!" ?? It seems to me there'd be no market for the midgrade.

Picture of the Day Yesterday

Indiana, Illinois, Nebraska and Wyoming!!

Thats a year ago yesterday actually. Year ago this day was actually Yellowstone, for which I have piles of awesome pictures, but I'm still entertaining the fanciful idea I'll post entries more than once a day and catch up (and so will have an entry to devote to that).

Also, don't believe his filthy lies, emosnail IS the sockpuppet of THIS lj, not vice versa!
Tags: 30 in 30, emo-snal original

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