Starting next week, Lyft will add a surcharge to each ride to help drivers deal with the higher gas prices that have been eating into their earnings — here's how much it will cost
Starting next week, Lyft will add a 55-cent surcharge to each ride to help drivers deal with the higher gas prices that have been eating into their earnings.Rideshare and food delivery companies have been working to help drivers who are in charge of filling up their own tanks.said Wednesday it will add a 55-cent surcharge to each ride, beginning next week, to help drivers with higher gas prices.
The company said the surcharge will last for at least 60 days. As of Wednesday, the national average for a gallon of gas was $4.305, according to data from AAA. The national average a year ago was $2.873. Rideshare and food delivery companies have been working to help drivers who are in charge of filling up their own tanks. The fear is that some drivers will quit for more profitable work since their take-home earnings have declined because of higher costs. If too many people quit, the rideshare companies, which are still in the process of bringing drivers back to the platform from the pandemic, would likely have to restart costly incentive programs to lure people in.
"This will help offset fuel costs, which also helps more drivers stay on the road," the company said in a blog post announcing the details of the surcharge. LyftThe surcharge will be applied to all areas except for New York City, which raised the minimum earnings standard for drivers, and Nevada, where Lyft said regulatory requirements prevent the company from rolling out the surcharge immediately.
The company also highlighted ways to get cash back on gas. In the U.S., drivers can apply for Lyft's debit card and get an increased4-5% cashback on gas through June 30, it said. The company also partners with GetUpside for cash-back offers.
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