BUFFALO, N.Y. (WKBW) — Gas costs are skyrocketing – and have been for months. Here’s what that you must learn about costs in your space:
7 News was contacted by an Uber & Lyft driver who reached out to us with issues over gas costs, and the way they’re affecting his profession.
“Every time I get behind the wheel, I lose money. Uber is not worth it for me anymore,” stated Daniel Kohler – a former driver.
Kohler shared with us his payscale instantly from Uber and Lyft:
- Uber: $0.67 per mile pushed.
- Lyft: $0.71 per mile pushed.
However, its important to check these numbers towards the common price of what it takes to personal a automobile.
According to the IRS, taking into consideration issues like time, depreciation, upkeep, and gas, it prices roughly $0.58 per mile.
That means on common – Uber and Lyft drivers revenue margin hovers round $0.09 per mile.
“They don’t factor in the extras, like my driving to the person. Waiting for them,” stated Kohler.
Due to the lack of income in comparability to earlier years, it’s potential that different drivers might go away the business alongside Kohler.
“I am extremely concerned about the fact people may not realize they are losing money. The gas crisis has absolutely made it tougher to drive and succeed, and Uber and Lyft have made no moves to shift their payscale based on gas prices,” stated Chris Gerace, a contributor from the TheRideShareGuy.com.
Gerace is a driver himself, and specializes in Youtube ideas and methods to showcase drivers how they will maximize income for rideshare providers.
“If these gas prices continue – you could see people leave the business. That means longer wait times, more expensive rides, and just an overall less seamless process,” he stated.
Gas costs are hovering proper round $3.80.