Gadling's resident pilot explains what life in the cockpit is like
Holidash Blog

AOL Money & Finance

Premium gasoline sells for 38 cents a gallon this week

The Associated Press reports that in San Antonio, TX, premium unleaded sold for 38 cents a gallon. That's what I call a bargain -- particularly since I considered myself lucky to pay $3.87 a gallon for mid-grade earlier this afternoon.

It turns out that there is a little problem with this 38-cents-a-gallon gas. It was a mistake in the pump. AP interviewed Dill Food Market's Manager, Jim Duke, who said that the premium was supposed to be selling for $3.89 a gallon. AP also reports that WOAI-AM was the original source for this story and it said that "nobody reported the mistake, which apparently started Tuesday afternoon."

It took a while for Duke to figure out what was going on. AP reports that he noticed "a lot of vehicles were being filled with premium and people were paying at the pump." He went out to check Wednesday and noticed the price error. Maybe ExxonMobil (NYSE: XOM) can spare a little of its $41 billion in profit to reimburse Duke for his pump malfunction.

Peter Cohan is President of Peter S. Cohan & Associates. He also teaches management at Babson College and edits The Cohan Letter. He has no financial interest in the securities mentioned.

Related Posts

Reader Comments (Page 1 of 7)

Symbol Lookup
IndexesChangePrice
DJIA-679.958,149.09
NASDAQ-137.501,398.07
S&P 500-80.03816.21

Last updated: December 02, 2008: 03:21 AM

BloggingStocks Exclusives

Hot Stocks

BloggingStocks Featured Video

TheFlyOnTheWall.com Headlines

WalletPop Headlines

AOL Business News

    Latest from BloggingBuyouts

    Sponsored Links

    My Portfolios

    Track your stocks here!

    Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

    BloggingStocks Partners

    More from AOL Money & Finance