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Postal Service's exorbitant price increases may stamp cancel on your favorite magazine.(Knight Ridder/Tribune Information Services)

Knight Ridder/Tribune News Service

| May 12, 2000 | Ridenour, Amy | COPYRIGHT 1999 Knight-Ridder/Tribune News Service. (Hide copyright information)Copyright

WASHINGTON _ Americans are in agreement on one point: Gasoline prices, which recently hit record levels, are too high.

But we do have something to be grateful for: Over the last four decades at least, gasoline prices haven't risen as much as U.S. postage.

Back in 1962, a first-class stamp was four cents. Today it is 33 cents, and the Postal Service has asked the Postal Rate Commission to raise the price by another penny.

What's worse, over a hundred million Americans could be hit even harder by a postage rate increase three to five times higher than the 3 percent increase the post office is seeking for first-class mail.

The Postal Service has asked the Postal Rate Commission to increase postage rates for delivery of magazines and newspapers by 10 ercent to 15 percent.

The …

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