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As a consequence of the Russian invasion of Ukraine, the price of gasoline broke the previous record value of $4,114 per gallon in July 2009.
In addition, Joe Biden, president of the United States, prohibited imports of oil, gas and coal of Russian origin.
In recent weeks, the price of gasoline in the United States (EU) reached an all-time high. On March 8, the Mexican Automobile Association of the United States registered an average value of 4,173 dollars per gallon and it is that due to the Russia-Ukraine war conflict, the market was adjusted generating that the drivers from Uber and Lyft they will leave the platforms due to lack of profitability.
This, despite the fact that Uber and Lyft say that active drivers are increasing.
The taxi industry in the US was replaced by eride-sharing companies like Uber and Lyft.
Since its inception, Uber has taken control of the market and Lyft has positioned itself as a notable competitor.. In 2018, the value of Uber amounted to 50 billion dollars, in contrast, Lyft obtained 8.1 billion, indicate data from Statista.
Uber raises its rate due to gasoline increases in the US
As of March 16, Uber fares have risen by between 45 cents and 55 cents per trip. This, to offset the expenses of their drivers, who pay for gasoline out of pocket. Likewise, Uber Eats deliveries are on the rise with 35 and 45 cents per order.
The company assured that the prices are temporary and will last at least a couple of months and that the increases will go directly to pay the drivers, who pay for the fuel during their transfers.
Uber considers gas prices to be less than 10 percent of drivers’ total income.
Uber and Lyft drivers in the US leave the platforms
With the increases in rates by the platforms to mitigate the increase in gasoline, 90 percent of Uber and Lyft drivers considered the fare increases insufficient to pay for the resourcepointed out a survey of coworker.org –in which more than 200 people participated–.
Another Rideshare Guy survey noted that 15 percent of those surveyed gave up driving and 40 percent worked for less time.
Despite the high prices of gasoline, Uber and Lyft assured that the number of active drivers on the platform has increased due to the disappearance of restrictions due to Covid-19 and the return to the “new normal”. According to the mobility research firm Inrix, commuting in the United States in passenger vehicles is up 25 percent.
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