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Went to Sam's Club tonight and I made note of the gas line. From the time I went in to the time I got out was 23 minutes. The car at the end of the line was first in line when I got out, so they spent 38% of an hour in line for gas.
The gas was 39¢ cheaper at Sam's Club than the local gas station.
The average car is about 15 gallons, so let's assume they're close to empty and filling up 14 gallons worth of gas.
14 gallons x .39¢ = $5.46.
$5.46 ÷ .38 = $14.37/hour. By waiting in line, they're valuing their time at $14.37 per hour.
Is this something you do or would do? I fill up before my tank hits half empty so I don't mind paying a bit more per gallon.
Edit. If you take into account the 5% cash back rewards on gas bought at any station, the lower gas price per gallon at Sam's means they value their time at $13.63 per hour.
Order on the app dude, walk in, walk out.Wait till you find out how much people value their time as they wait for a Starbucks coffee that costs 30 times what a pot brewed at home costs.
The only time I ever consider it is if I'm driving home from chicago and I wait until I get out of the city.I’ve never met a difference in gas prices that is worth the time thinking about it or driving around to find it.
Went to Sam's Club tonight and I made note of the gas line. From the time I went in to the time I got out was 23 minutes. The car at the end of the line was first in line when I got out, so they spent 38% of an hour in line for gas.
The gas was 39¢ cheaper at Sam's Club than the local gas station.
The average car is about 15 gallons, so let's assume they're close to empty and filling up 14 gallons worth of gas.
14 gallons x .39¢ = $5.46.
$5.46 ÷ .38 = $14.37/hour. By waiting in line, they're valuing their time at $14.37 per hour.
Is this something you do or would do? I fill up before my tank hits half empty so I don't mind paying a bit more per gallon.
Edit. If you take into account the 5% cash back rewards on gas bought at any station, the lower gas price per gallon at Sam's means they value their time at $13.63 per hour.
I don't really understand the "my time is worth this much" stuff though, it's not like if I wasn't sitting in line getting gas I'd be out making money, I'd be sitting watching TV or playing golf or something.
The guy buying gas probably saved more money than you did on your shopping trip to Sam's Club.Went to Sam's Club tonight and I made note of the gas line. From the time I went in to the time I got out was 23 minutes. The car at the end of the line was first in line when I got out, so they spent 38% of an hour in line for gas.
The gas was 39¢ cheaper at Sam's Club than the local gas station.
The average car is about 15 gallons, so let's assume they're close to empty and filling up 14 gallons worth of gas.
14 gallons x .39¢ = $5.46.
$5.46 ÷ .38 = $14.37/hour. By waiting in line, they're valuing their time at $14.37 per hour.
Is this something you do or would do? I fill up before my tank hits half empty so I don't mind paying a bit more per gallon.
Edit. If you take into account the 5% cash back rewards on gas bought at any station, the lower gas price per gallon at Sam's means they value their time at $13.63 per hour.
Fake news: didn't discount the time it takes to get gas at option2.Went to Sam's Club tonight and I made note of the gas line. From the time I went in to the time I got out was 23 minutes. The car at the end of the line was first in line when I got out, so they spent 38% of an hour in line for gas.
The gas was 39¢ cheaper at Sam's Club than the local gas station.
The average car is about 15 gallons, so let's assume they're close to empty and filling up 14 gallons worth of gas.
14 gallons x .39¢ = $5.46.
$5.46 ÷ .38 = $14.37/hour. By waiting in line, they're valuing their time at $14.37 per hour.
Is this something you do or would do? I fill up before my tank hits half empty so I don't mind paying a bit more per gallon.
Edit. If you take into account the 5% cash back rewards on gas bought at any station, the lower gas price per gallon at Sam's means they value their time at $13.63 per hour.
You cheap as ****, boy.I don't understand this. Just the McCafe coffee I bought was $17 cheaper than Target. Price matching everything I bought saved about $62 over the Target prices. For 20 minutes of driving I'd say that's worth it. Using my analogy, that's $186/hour (minus gas costs to get there)
When I get gas time isn’t really a factor. I’m not going to wait in line but I drive up to Ankeny on my way home to the West Side. The difference in time is pretty negligible and I am just going to watch more TV. When it’s consistently at minimum .20 cheaper it makes a difference. Not necessarily on one tank but over the course of a year it is a decent chunk of change.It's not about making money, it's about valuing your time. If a person asked for help at$50/hour would you do it vs $14/hour? If yes or no, why? We all trade our time for something, whether it's money or relaxation or whatever. If someone said would you like an extra half hour of golf for $5 would you do it?