Uber & Lyft Drivers: Offset The Cost Of High Gas Prices With A Temporary Surcharge

Uber & Lyft Drivers: Offset The Cost Of High Gas Prices With A Temporary Surcharge

Uber and Lyft have decided to offset high gas prices with a temporary surcharge. The ride services will implement a $0.50 per ride charge in states where gas prices are $1 or more above the national average (roughly $2.50-$3 higher).

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Uber, Lyft, and other ride-hailing companies are trying to offset the soaring price of gasoline with a temporary surcharge on passengers.

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According to The Verge, Uber and Lyft both announced a 20-cent increase in fares over the weekend, while Juno has imposed “a small temporary price increase” in New York City, according to The Verge. Uber said it will donate one cent of each $1.20 per mile fare to the American Red Cross. VB BLOG

Uber & Lyft Drivers: Offset The Cost Of High Gas Prices With A Temporary Surcharge

Gas prices have risen steadily since mid-February due partly to rising crude oil prices and a reduction in oil production by OPEC countries, according to AAA. Gas prices peaked at about $2.91 per gallon on May 10 but have fallen slightly since then as some refineries are back online after repairs from winter storms and high demand is waning as summer approaches.

 

But even though gas prices were down 1 cent from last week, they remained higher than last year’s Memorial Day weekend by about 36 cents per gallon, according to AAA. The national average for regular unleaded was $2.90 per gallon Friday morning, up from $2.86 a month ago but down from $3.02 a week ago.

 

 

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