California Gas Station Accidentally Sells Gas at 69 Cents per Gallon
Here’s a fun story to combat the Monday blues. A gas station in Rancho Cordova, California made a lot of motorists happy last Friday by selling fuel at 69 cents per gallon.
This wasn’t some sort of promotional stunt or anything like that. Rather, a misplaced decimal point is to blame for the error. The actual price that should have been entered into the system was $6.99 (the average price of gas in California is currently $6.34 per gallon). In other words, customers got 90 percent off.
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As you’d expect, long lines of cars and trucks quickly jammed the gas station, with the news spreading across social media. Some people even came back a second and a third time with different vehicles. Many also brought their gas cans to fill up at the same time.
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The gas station manager noticed the pricing error after about three hours, leaving quite a bit of time for drivers to seize this too-good-to-be-true opportunity. Amazingly, a similar thing happened in Tennessee earlier this spring when a gas station over there sold fuel at 45 cents per gallon. At the current exchange rate, that represents 15 cents CAD per litre!
Now, the bad news: Goldman-Sachs is forecasting Brent crude oil prices will average $140 a barrel between July and September, up from about $120 a barrel at the moment. With bottlenecks at refineries, prices at the pump will rise to levels normally associated with $160 a barrel this summer, the Wall Street bank warns.
In Canada, gas prices are the highest in British Columbia at $2.26 per litre right now. Newfoundland-and-Labrador ($2.22/L) and Quebec ($2.20/L) are next. Alberta has the cheapest gas at $1.84/L.