How the move will impact you
When word spread on social media that the price for gas was only 69 cents a gallon, people flocked to a Sacramento gas station to fill up. Now it turns out it was all one big mistake that cost the manager who set the price his job. John Szczecina says it was a simple error. The price of gas that day should have been $6.99 a gallon. Instead, Szczecina says he accidentally put the decimal in the wrong spot, making the price 69 cents a gallon.
Jaswiendre Singh owns a service station in Phoenix, Arizona. For every gallon of gas purchased at his station, Singh is losing .47 cents. He’s currently buying the gas for $5.66 a gallon, and selling it to his customers for $5.19. With sales averaging a little over 1000 gallons of gas per day, Singh is roughly $470 to $500 in the red every single day. Singh hopes to make up the lost revenue at the pump with sales inside the store.