MINNEAPOLIS (WCCO) – Stamp prices could soon be going down across the country.
The Washington Post reported a DC appeals court ruled the Postal Service cannot permanently sell stamps at $0.49 each.READ MORE: Quantelize Welch Charged With Murder In Minneapolis Hit-And-Run
Up until about a year ago, they cost just $0.46, but jumped when the Postal Service claimed it lost billions of dollars in the recession.READ MORE: Mothers Create Podcast For Others Who've Lost A Child To Suicide
However, regulators said they could only recoup about three-billion from the rate hike. That cap will be reached this summer.MORE NEWS: As Battle With Blaze At Clinton Grain Bin Wraps Up, Salvage Operations Continue
It’s unclear when the rates will go down and by how much.