Cheap(er) Gas, High Fees
Tip It!Earlier this week, I wrote about the fate of gas-related surcharges given that fuel prices have dropped so steeply. Shortly thereafter, I spotted an article in Smart Money talking about this very topic. They argued that, while some businesses actually have reduced or eliminated their fees, others are sticking to their guns.
What follows is a list of eight industries where fuel savings haven’t thus far been passed onto consumers (at least not entirely):
- Airlines
- Cruise lines
- Shipping companies
- Waste management companies
- Taxis
- Water delivery
- Independent contractors
- Florists
While some companies have adjusted their surcharges downward, these changes haven’t kept pace with decreases in fuel costs. For example, FedEx and UPS have decreased their ground surcharge by just 1%, and they’ve actually increased their express shipping surcharge by 1.5%. To be fair, it’s possible that some of these industries are still dealing with fuel prices that they locked in at a higher level in an attempt to combat further increases.
Source: SmartMoney.com
Published on October 31st, 2008 - 3 Comments
Filed under: Economy, Energy
About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!
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October 31st, 2008 at 4:37 pm
Actually, on my last Culligan bill was a note saying their $1.00 fuel surcharge was being eliminated due to the reduction in gas prices.
October 31st, 2008 at 6:38 pm
did you ever asked yourself where a plane or cruise ship refuel, how much and why is where it is? Do so…, you may find interesting facts about that. as well as why are the international flights so lucrative…;) . The other guys are just too small to afford to loose their business
November 5th, 2008 at 12:30 pm
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