Quote:
Originally Posted by swo2k1
Passes will be going up to $90 in January 2011. This was part of a tiered increase they announced back in November of 2008. Going from 75 to 90 in essentially two years seems a little much for inflation.
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Look at the price of diesel fuel though. It outpaced inflation significantly, and I have to think that's a large part of where the increases come from. Their fuel costs between 2005 and mid to end of 2008 nearly doubled, before cmoning down in 2009, and is now on the rise again. I doubt they have a huge hedge in fuel like a railroad or airline would, simply because I doubt they have that kind of operating capital.