Is cheaper gas really cheaper?


No Idea / Thursday, December 8th, 2005

I stopped on the way home today to get gas and it made me think. I went to a place that’s “on the way home” but it’s really not. I have to drive about an extra 2.5 miles to get there and it takes about 3 minutes each way to get to and fro the highway. The gas is cheaper though than the place right by my house. $.08 by debit and $.13 by cash. I had no cash. $.08. So was it cheaper for me to go to the cheaper gas place? Nope. I came home and figured it out. Multiplying that 6 minutes lost by what my salary says that 6 minutes is worth, then adding the mileage times what the mileage cost and then subtracting how much I actually saved, it says I actually spent $2.02 to save $.84. That doesn’t sound to savvy. I spent $1.18 to lose 6 minutes of my life and to drive an extra 2.5 miles. I won’t be doing that again. And I don’t even want to think about how much it cost me to figure all this out.

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