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To raise, increase, or accelerate; often said of prices, fees, or rates. See also jack up the price.

I can't believe they're going to jack up the price of gasoline again — and after they already raised it twenty cents a gallon!

Additional definitions for 'jack up':

jack upTo raise, hoist, or lift a thing using a jack, or similar means.
jack upTo ruin; wreck; mess up; screw up; sometimes as a bowdlerized substitution for f** up.
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"jack up." Phrases.net. STANDS4 LLC, 2017. Web. 15 Dec. 2017. <http://www.phrases.net/phrase/jack-up_752>.

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