Surging fuel costs are beginning to impact more than just drivers, with New York Waterway announcing a temporary fare increase that could impact thousands of daily commuters. Starting Monday, the ferry service will implement a fuel surcharge averaging 5.5% on fares, citing a sharp rise in fuel pr ices. The increase comes as global events continue to drive up the cost of petroleum, affecting transportation services across the region. In a statement, a spokesperson for the company said, “Like most transportation providers, we are contending with dramatically increased fuel costs resulting from world events beyond our control…We know that any fare change affects our customers, and we have made every effort to minimize the impact.” Business May 6 DoorDash plans to spend more than $50 million on gas price relief for its drivers this spring Economy May 6 Lower-income Americans hit hardest by gas price spike, widening inequalities Economy Apr 10 March inflation soars to highest level in four years as energy prices rise According to the company’s president, the price New York Waterway pays for fuel has increased by 80% since January. The company said it will update customers on when the temporary surcharge period will be over. Some riders say the increase, while noticeable, may not significantly change their routines. “I don’t think 50 cents is going to make a difference,” said one rider from Hoboken. Others say the broader trend of rising costs is more concerning, especially for younger workers and families. “For me it’s not a problem. It’s the young people starting their careers, people with families, trying to grow their finances,” said Alison, who uses the ferry once a week. The rising cost of fuel is tied in part to ongoing geopolitical tensions, including the conflict in Iran. While there is some optimism about a potential resolution, the economic effects are already being felt far beyond gas stations. The U.S. Postal Service has temporarily raised prices on certain packages by 8% to offset higher transportation costs. The increase took effect at the end of April and is expected to remain in place until Jan. 17. Ruth Braithwait, a 90-year-old New Yorker, said she has noticed rising prices at her local post office and in stores. “So yeah, everything is going up,” Braithwait said, while trying to remain positive. “Nothing stays the same, this too will change. It will, so we just have to roll with it as New Yorkers.” This story was originally reported for broadcast by NBC New York. AI tools helped convert the story to a digital article, and an NBC New York journalist edited the article for publication. ...read more read less