Impact Of Rising Gas Prices On Consumers

CHICAGO (CBS) – If you’ve filled up your car recently, you already know the price of gas is going up. The national average for a gallon of regular is $3.07. Here in Chicago, that same gallon costs $3.30. That’s up 22 percent since a month ago. And prices are expected to keep climbing.

As CBS 2’s Dorothy Tucker reports, consumers will feel this price hike in more places than just the pump.

It’s now $1 surcharge for every cab ride, money cab drivers like Wakeel Jamla say they need to offset rising gas prices. Jamla says he pays an extra $7 or $8 extra per day for gas.

Taxis started charging the $1 fuel surcharge on Tuesday because gas prices in Chicago topped $3.30.

Other companies, like FedEx and UPS, tacked on the fuel surcharge with the new year. You’ll now pay 5 to 10 percent more to ship packages.

And you’ll pay more to fly.

“The airlines are starting to put on $10 surcharge to pay for oil,” said Morningstar Economist Bob Johnson.

Johnson says other industries tacking on fuel surcharges include freight companies, trucking companies that deliver everything from food to products; which means business owners like Norm Dinkel pay more.

“The products that we’re receiving: sugar, flour, eggs, chocolate chips, all those distributors have now put on a delivery surcharge because of gas prices,” said Dinkel.

For Dinkel, he says those surcharges add up to nearly $200 a month. To offset the cost, he’ll raise prices on his website orders, but he won’t raise prices in the store. Instead, he’ll make changes.

“Instead of having weekly deliveries, maybe have a monthly delivery so we don’t have to spend money on that surcharge,” said Dinkel.

Two other agencies that use a lot of gas, but aren’t expected to add on a fuel surcharge, are Metra and the CTA. Experts say both are subsidized by tax dollars and don’t make sudden changes because of the cost of fuel.

  • twinn

    Everything seems to go up but the wages…… How and hell are we to continue to survive with all these inflations……and saving money has been non-existent for the longest time……..GHEESH….. no relief anywhere…..

  • Robert Rogers

    This is something that could be managed if our government reasonably dealt with the country’s energy needs instead of special interests.

  • David Starr

    There is an outfit called, I joined them (it doesn’t
    cost anything to join) and then when I fill up, I keep the receipt and mail
    it in to get a 50% rebate on the amount I spent for gas. However, there is
    an upper limit that you can do each month I think it is $200 or something
    like that — but believe me an extra couple of hundred bucks a month
    gives my family our weekly trip to the movies again… or you can always
    buy more gas.. LOL. Here’s the link

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