Friday, May 17 2013 7:16 PM EDT2013-05-17 23:16:53 GMT
One person has died in a crash near Harrisonville, MO, Thursday evening. The crash happened on Missouri Highway 7 and Walker Road. It involved a car and a tractor-trailer. Harrisonville is in Cass County.More >>
Savannah Nash celebrated her 16th birthday last week. She died Thursday when her car slammed into a semi while she was texting during her first time driving by herself.More >>
Saturday, May 18 2013 11:19 PM EDT2013-05-19 03:19:44 GMT
The Charlotte Bobcats are in the process of changing their name to "Hornets," a source with knowledge of the situation told CBSSports.com's Will Brinson, including arranging digital assets that wouldMore >>
The Charlotte Bobcats are in the process of changing their name to "Hornets," a source with knowledge of the situation told CBSSports.com's Will Brinson, including arranging digital assets that would allow a return to their original nickname.More >>
Sunday, May 19 2013 7:59 AM EDT2013-05-19 11:59:01 GMT
Health officials are worried cases from a salmonella outbreak traced to a Fayetteville hotel may have spread nationwide. Officials say that 51 people who ate at the Holiday Inn Bordeaux's banquet facilitiesMore >>
Health officials are worried cases from a salmonella outbreak traced to a Fayetteville hotel may have spread nationwide.More >>
Savannah Nash celebrated her 16th birthday last week. She died Thursday when her car slammed into a semi while she was texting during her first time driving by herself.More >>
CHARLOTTE, NC (WBTV) - Some people don't even notice the price of gas comes with an extra 9/10 of a penny tacked on the end? Why?
According to AAA Carolina's, the practice dates back to the 1930's when gas companies were competing for business and a penny was actually a lot of money. The price of gas averaged around 10 cents back then. The practice has never stopped.
The thought is, people are still more likely to only notice the first few numbers in a price. That's why retailers commonly sell a TV at $799.99 for example, instead of $800.
"It's a marketing tactic that suggests that consumers really don't pay attention past the first digit of a price particularly if it's between 1 and 10 dollars," said Yvette Russell, a Marketing Professor at Johnson C. Smith University.
While the practice might have worked back in the 30's, most people we talked to today all agreed on only one thing, 9/10 of a cent less or not, gas is still too high.
