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Power of the penny a sticky topic
Higher fuel costs prompt Monday's postage increase


Saturday, May 10, 2008

To offset rising gas prices the U.S. Postal Service will increase the cost of a stamp by a penny on Monday, Postmaster Tom Few said.

"It's a business decision. Gas prices have gone up," Few said. "We're impacted by every incremental increase in gas. When gas prices increase one cent, our costs increase over $15 million. We have so many vehicles that we have to keep fuel in, so we're going up one cent on stamps to help cover the cost."

U.S. Postal Service Photo
A Frank Sinatra tribute stamp is one of several new 42-cent stamps offered by the U.S.Postal Service.
 

There has not been much of a local reaction yet to the price of a first-class mail stamp becoming 42 cents, he said.

"Most people thought it was reasonable. They just don't like having to add just one stamp," he said. "If they buy the Forever Stamp wouldn't have to worry about."

Forever Stamps are bought at the current stamp rate and can be used on First-Class Mail matter what the postage rate is.

Forever Stamps will be available to purchase for 41 cents until Monday.

Shirley Mason said she wasn't concerned about the postage increase and that she bought Forever Stamps to help her through the transition.

"It's still a bargain actually, when you think about it," Mason said. "I bought a bunch of Forever Stamps so I'm prepared for it."

Other Longview postal customers were not as content with the increase, and cited gas prices and inflation as a reason stamps shouldn't increase.

"I think it's horrible what they're doing to us," Nancy Stanton said. "Gas prices are ridiculous, and everything else is going up too, especially with this increase coming so soon after the last one. Besides, it's not like you're going to get any better service."

* * *

Postage rates

Date introduced and rate for first ounce (USD):

March 3, 1863: 3 cents

March 3, 1883: 2 cents

Nov. 3, 1917: 3 cents

July 1, 1919: 2 cents

July 6, 1932: 3 cents

Aug. 1, 1958: 4 cents

Jan. 7, 1963: 5 cents

Jan. 7, 1968: 6 cents

May 16, 1971: 8 cents

March 2, 1974: 10 cents

Dec. 31, 1975: 13 cents

May 29, 1978: 15 cents

March 22, 1981: 18 cents

Nov. 1, 1981: 20 cents

Feb. 17, 1985: 22 cents

April 3, 1988: 25 cents

Feb. 3, 1991: 29 cents

Jan. 1, 1995: 32 cents

Jan. 10, 1999: 33 cents

Jan. 7, 2001: 34 cents

June 30, 2002: 37 cents

Jan. 8, 2006: 39 cents

May 14, 2007: 41 cents

Monday: 42 cents

Source: Postal Rate History, www.akdart.com/postrate.html

* * *

What else for .42?

Small lemon: 33 cents

Cassette tape of music: 33 cents

Hair band with charms: 33 cents

Shower gel, 2 ounces: 33 cents

Reese's peanut butter cups: 33 cents

Bottle of wedding bubbles: 25 cents

Votive candle: 25 cents

Ribbon: 17 cents

Mini eraser: 10 cents

Small lime: 10 cents

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