The higher price of gas will affect more than just the cost of food and consumer goods. Now higher fuel costs are going postal.On Monday, May 12, 2008, the US Postal Service (USPS) will raise postage prices.
The cost to mail a U.S. First Class one-ounce letter will increase to 42 cents while the postcard will increase to 27 cents.
This postage increase covers higher operating expenses due to rapidly escalating fuel prices, as well as rising medical, transportation and other higher expenses. A one-cent increase in fuel costs USPS more than $8 million in higher fuel costs per year. USPS receives no tax dollars for its operations and relies on the sale of postage, products and services to cover its costs.
For detailed information on the new U.S. and international postage rates and a listing of prices, visit www.usps.com/prices.
Source: US Postal Service
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