US Postal Service to Hike Prices as War Drives Up Fuel Costs

The US Postal Service plans to raise prices to offset rising transportation expenses including the cost of fuel, a sign that the beleaguered mail carrier is feeling the strain of higher oil prices as the war in Iran continues.

The USPS will increase prices by 8% on some packages until mid-January of next year, the USPS said in a statement Wednesday. The change will apply to its Priority Mail, Priority Mail Express, USPS Ground Advantage and Parcel Select offerings. Other products such as First-Class Stamps won’t be affected, it said.