US Postal Service announces 8% price hike to address fuel costs

US Postal Service is seeking approval from regulators for a temporary 8% price hike for priority mail and ‌package deliveries, effective April 26. The decision is intended to address changing market conditions concerning transportation costs, including fuel's increasing price due to West Asia war. This comes amid the USPS' ⁠warning it could run out of money as soon as October.