DEALING WITH FLUXUATING GASOLINE PRICES: -fstock Mar.2012

With gasoline prices changing daily and unrest in the oil producing parts of our globe, it would serve us well to
have a system for dealing with rate changes that does not require repeated re-programming and resealing. One
possibility that we have recommended to our clients from time to time is using the "EXTRAS" button on the
meter.

Your taximeter is equipped with a button marked "EXTRAS". It puts a flat fee on a smaller separate screen
from the normal fare calculations, and does NOTHING unless your driver presses the button. We suggest a
surcharge of perhaps $1.50 or $2.00. You publish an exact schedule of uses of this button on a card posted
on the dashbopard, and we suggest on the back of the driver's headrest support as well. It reads something
like "Rates based upon current gasoline rates, beginning at $3.75 per gallon." "If gasoline hits $5.00 dollars
per gallon, a surcharge of $1.50 will be collected per trip." Next line would be "If gasoline hits $6.50 dollars
per gallon, a surcharge of $3.00 will be collected per trip" ... and so forth.

If you choose to change rates by programming new rates for each change, you will likely be required to have
your meter recertified and resealed after each change. By setting up the Extras button for a surcharge amount
and clearly publishing your rate adjustment schedule for all passengers to see, you can add or not add the
charge as specified for any change up or (possibly even) down. Again, YOU MUST DISPLAY CLEARLY ANY
ADD-ON CHARGES YOU INTEND TO COLLECT, IN ORDER TO BE IN COMPLIANCE WITH MOST REGU-
LATIONS IN OUR BUSINESS. DON'T ABUSE SUCH A SYSTEM - LOSS OF ONE CLIENT WILL LIKELY
BALLOON INTO MORE, AND THERE COULD EASILY BE FINES OR PENALTIES FOR MISUSE !

 

There is one other alternative we have not discussed; Chapter 11. We oppose that on principle.