By
The Associated Press
.
Published: Mon, April 28, 2008 - 10:59 am
WASHINGTON (AP) - The Forever stamp is a hot item these days.Postal rates go up in two weeks, and the Postal Service says
Americans are buying 30 million of them a day.
Right now the Forever stamp costs 41 cents. It will remain valid
for full postage even after the increase takes effect May 12th.
After that date, the cost of sending a first-class letter rises a
penny, to 42 cents. And the cost of a Forever stamp goes up with
it.
Since they were introduced last year, more than six billion
Forever stamps have been sold.
The rate increase comes as the post office sees higher gasoline
prices eat away at its budget. Each penny increase in the price of
gas is estimated to cost the post office 8 million dollars a year.
Postage rates last went up about a year ago.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
Postal Rate Increase
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