Computer Glitch Allows Cheap Price For Gas

Long lines formed at a gas station in Los Angeles a few days ago. Premium unleaded was on sale for an unbelievable discount: $1.10 a gallon. Drivers quickly purchased 7,000 gallons at this low price. It was a nightmare for the gas station owner, who says he lost $21,000.

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STEVE INSKEEP, host:

And today's last word in business is cheap gas while you can get it.

Every time gas prices go up, something like this seems to happen. Long lines formed at a gas station in Los Angeles a few days ago. Premium unleaded gas was on offer for an unbelievable discount: $1.10 per gallon. It wasn't a special. It was a computer glitch at the pump. Drivers quickly purchased 7,000 gallons at the low, low price. It was, of course, a nightmare for the gas station owner, who says he lost about $21,000.

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INSKEEP: That's the business news on MORNING EDITION, from NPR News. I'm Steve Inskeep.

RENEE MONTAGNE, host:

And I'm Renee Montagne.

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Source: http://www.npr.org/2011/05/18/136419524/the-last-word-in-business?ft=1&f=3

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