Cab Costs Dropping
On Halloween morning, Chicago will wake up to some consumer news that is not scary, for a change: The cost of riding in a cab is going down.
At 12:01 a.m. Friday, the $1-a-ride surcharge imposed last spring to provide relief to cabdrivers squeezed by skyrocketing gasoline prices will be reduced to 50 cents.
The Seattle-style surcharge requires passengers to pay 50 cents a ride whenever gas prices "equal or exceed" $2.70 a gallon for seven consecutive days and $1 a ride whenever the price at the pump tops $3.20 a gallon for one week straight.







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First Posted: 10-28-08 10:54 AM | Updated: 11-28-08 05:12 AM