While we all look forward to the summer season, one thing nobody enjoys is the increase in gasoline costs. New York’s Taxi and Limousine Commission feels the same way. They plan to increase fares by up to 20%. At first this seemed a little unfair to all the tourists and public that will travel the city this summer. A closer look argues that the increase may not be unwarranted. The last time that the Commission raised the fare price was in 2006. This means that the price has not been adjusted for gas prices and inflation since then. At the same time this only adds one more burden on the public’s wallet in an era where price increases anywhere seem a tad unreasonable.
You be the judge, is this price increase warranted?
Would it make a difference if the increase weren’t so drastic?