Cab prices are likely to increase in San Francisco, although by how much is still unknown.
The Municipal Transportation Agency, which oversees cab operations in San Francisco, is recommending a meter rate increase, which would be the first such price hike for taxis since 2003.
Nathaniel Ford, executive director of the MTA, said the agency will hold a meeting on the meter rate increase on May 17, but he did not discuss details of how much that hike could be.
Currently, San Francisco cabs charge $2.25 a mile and 45 cents for every minute stuck in traffic, the same rates in place for the last eight years. In 2006, there was a 25 cent increase to the starting meter rates of cabs, but many drivers say that hike doesn’t even cover the rising cost of gas.
Along with paying for more expensive fuel, most drivers have to shell out $104 to rent out their car for a shift. They say that increased meter rates are the only way to make their profession more profitable.