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Cab Company Reacts to Rising Gas Prices

IOWA CITY, IA (CBS 2/FOX 28)--Gas prices continue to rise throughout the country and it's no different here in Iowa. The average price per gallon has jumped to $3.62

That's up nearly a nickel, in just one week, but imagine the impact of that hike if your job depends on driving around all day.

Steve Gerot says he decided to become a cab driver to make a little extra money, but with gas prices rising across the corridor, things are getting tight.

 I think I took home $5 for an eight hour shift yesterday, he said.

That's because at the end of the day Steve and his employer split the day's take 50/50, as well as the cost of the day's gas.
 
The national average for gas increased by almost 10 cents per gallon last month, according to GasBuddy.com and here in Iowa prices are almost 7 cents more per gallon than there were last month.

According to AAA the unrest in Egypt is partly to blame.

"It's not that there's a great deal of concern that Egypt is a major exporter because its not. It's more so a concern of the overall instability of the Middle East, said AAA director of public affairs Gail Weinholzer.

Something that in turn affects gas prices here and back at #1 cab, the last time gas prices jumped, Steves boss had to raise fares to the current four dollars per mile.

Because it was affecting us. We were making hardly anything some days or some nights. My drivers were actually complaining, said owner of #1 cab Rafat Alawneh.

It's going to get worse from I guess what they tell me but we just got to keep the car shut off as much as possible, Steve said.

Steve , still looking for that extra money, is hoping prices come down soon.

I'd like to see it get down under two again. I think it should, he said.

Now to put Steves problem in perspective , he's spending nearly $80 on gas every day he drives.

 
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