Rising gas prices force Twin Cities Lyft, Uber drivers to reconsider gig work [CBS News]
Uber Technologies, Inc. (UBER)
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Source: CBS News
Steven Mayer, who drives full-time, said the jump in gas prices has been significant. "Going from $2 and now you're at what, $4.09," Mayer said. Mayer explained that the higher prices add up quickly for drivers who are on the road every day. "I would say about $20 a day. Add that on to possibly one to two fill-ups a day. So that's $40 a day. You do that five days a week. It definitely can impact," Mayer said. While Uber and Lyft offer fuel rewards and other relief programs, drivers say these measures are not enough to offset the rising costs. Romeo Tillman, a longtime driver, said, "I'm not even making half of what we did a year ago today." Tillman also noted that the problem goes beyond gas prices, with fewer rides available. "Within the three hours I've been out here working, I've made zero dollars," Tillman said. Lyft said it recognizes the financial pressure on drivers and pointed to a 60-day relief program that offers cash back rewards and fuel savings. In a statem
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UBER
Earnings
- 2/4/26 - Miss
UBER
Sec Filings
- 4/27/26 - Form 144
- 4/24/26 - Form 4/A
- 4/23/26 - Form 144
- UBER's page on the SEC website