I dug into this a bit more. I think there is just a bug in the App Store.
Look at finance-> new releases on your iPhone. Auto Fuel Economics shows up with 9 reviews and one written review back on Nov 2, 2008. The post date is showing up as Sept 8, 2008 and the version is 1.0, yet somehow it is in the new releases.
Now look at iTunes on your computer. It shows up as being released Nov 6, 2009 as 1.0 again with 9 reviews and one written review back on Nov 2, 2008.
It looks to me the version number isn't updating at the moment, and is showing up as 1.0 regardless of the true version number.
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