Nov 13, 2008 3:33 pm US/Central
Cab Fares To Fall As Gas Surcharge Expires
CHICAGO (Sun-Times Media Wire) ―
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A taxi stops to let off a passenger on Clark Street downtown.
CBS
The extra 50-cent surcharge being added to Chicago cab fares will expire early Friday morning.
City Consumer Services Commissioner Norma Reyes announced Thursday that the 50-cent gasoline surcharge for Chicago taxicabs will expire at 12:01 a.m. Friday.
The surcharge was established through an ordinance approved April 9 by the City Council to provide relief for cab drivers amid rising fuel prices. It allows a fuel surcharge of 50 cents to be added to fares if the average retail gasoline price for the Chicago Metro Area exceeds $2.70 for seven consecutive business days. It increases to $1 if the average gasoline price exceeds $3.20 for seven days.
The surcharge came at a time when the price of gasoline was at record levels, but prices have been in decline recently due to falling crude oil prices, dipping to an average of $2.43 a gallon, according to AAA and the Oil Price Information Service.
As a result, the surcharge -- which was reduced from $1 to 50 cents on Oct. 31 -- will be removed on Friday, according to a release from Consumer Services.
Notices regarding the surcharge posted in the seating area of taxis must be removed once the surcharge has expired, the release said.
Consumers wishing to verify that the surcharge has expired should call the Consumer Services hotline at (312) 742-4444 or call 311.
(Source: Sun-Times Media Wire © Chicago Sun-Times 2009. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
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