Rideshare Drivers Squeezed by Gas Prices
Business Wars Daily
Audible
4.6 • 717 Ratings
🗓️ 31 March 2022
⏱️ 6 minutes
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Summary
Today is Thursday, March 31, and we're looking at Uber vs. Lyft.
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Transcript
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| 0:00.0 | Wonderly Plus subscribers can listen to Business Wars daily ad-free right now. |
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| 0:08.5 | If you or someone you care about has cancer, |
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| 0:49.2 | Thank you. From Wondry, I'm David Brown, and this is Business Wars Daily on this Thursday, March 31st. |
| 1:07.5 | If you drive a vehicle, you've probably felt the squeeze at the gas pump lately. Limited supply, |
| 1:12.8 | geopolitical forces, and an effort by U.S. oil firms to resist overproducing are all at play here |
| 1:18.7 | as prices per gallon creep well over $4 nationally. That's putting a particular strain on ride-shared |
| 1:25.2 | drivers. Drivers for Uber and Lyft are technically independent contractors, |
| 1:30.1 | which means they're on the hook for gas and other vehicle-related expenses. |
| 1:34.4 | But as these prices increase, the fares drivers make have stayed pretty much the same, |
| 1:40.3 | and that's caused some drivers to reach their breaking points. |
| 1:43.9 | An Uber driver in New York City told |
| 1:45.7 | BuzzFeed news that gas prices over four bucks a gallon meant he could no longer pay his $400 weekly |
| 1:52.2 | bill to the fleet owner from whom he leases his car. He was forced to return the vehicle, putting him |
... |
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