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Cab Fare To Spike 50 Cents As Gasoline Costs Rise

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A taxi stops to let off a passenger on Clark Street downtown. (Credit: CBS)

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CHICAGO (CBS) – Riding a cab in Chicago is about to get a bit more expensive.

Starting tomorrow, the fuel surcharge is increasing 50 cents to $1.

The $1 surcharge on each fare is triggered when average gas prices are above $3.20 a gallon for one week. The surcharge is 50 cents when prices average more than $2.70.

The fuel surcharge was first implemented in 2008 in response to escalating gasoline prices for cab drivers.

The average price of a gallon of gasoline in Chicago stands at $3.30, according to the AAA Daily Fuel Gauge Report. The price stood at $3.25 a week ago and $3.06 a month ago.