Popular online retailer hikes their annual price for members

ElderlyOnComputer1

The yearly price of a popular online retailer is going up for members.

The company blamed the increase on increased fuel and shipping costs.

The price of an Amazon Prime membership was raised Thursday, but only half as much as the online retailer had said it was considering a month ago.

Amazon announced the annual membership will cost $99 a year, up from $79. A student membership will cost $49 annually.

In February, Amazon said it was considering raising the price to $199 a year.

Prime members get two-day shipping on a large number of Amazon items at no extra cost, plus the ability to borrow Kindle books and stream movies and television shows.