Can Uber/Lyft Drivers Still Make Money With High Gas Prices?: Rideshare Drivers React
[Editor’s note: Quotes are lightly edited for clarity]
The latest episode on The Rideshare Guy! Take a listen to my latest podcast episode, where I chat with Emil Michael, the former Chief Business Officer of Uber, about what made Uber such a rocketship of a company, why it became so newsworthy and polarizing, plus the future of Uber.
Can Uber/Lyft Drivers Still Make Money With High Gas Prices?
The summer slowdown is here and that, coupled with high gas prices, has us wondering: Is it possible to still make money as a rideshare driver? Senior RSG contributor Sergio Avedian went to work to answer this question and found out – yes! With the right strategies, you can keep your earnings high and reduce (as much as possible) your spending on gas.
Here’s what readers are saying:
The key for drivers is being aware of their utilization rate - time on the road vs. ride requests, payouts, etc. As Mike shared, he focuses on short, profitable rides:
“My utilization rate has never been higher, due perhaps to drivers being discouraged by high gas prices. I also reject long rides, but have to take minimally profitable short rides to keep my ride acceptance counter above 5/10.”
Is Driving Uber Or Lyft Still Worth It In 2022?
With high gas prices, is it still possible to make money driving for Uber or Lyft in 2022? Driving for rideshare has changed dramatically in the past two years, spurred first by the pandemic but now due to changing passenger habits and, yes, inflation! We look into whether or not it’s still profitable to drive rideshare in 2022.?
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Here’s what readers are saying:
Drivers had a lot to say about this topic! For the most part, drivers who said they have higher than average earnings target bonuses, streaks, and selectively choose the rides they take. Those who drive whenever said they had lower than average earnings and generally were unhappier to drive for Uber or Lyft.?
“As a driver, you need to look out for your best interest. For example, why would you accept a trip of 80 miles total for a pay out of 40.00? Let's face it - it comes down to mile per dollar ratio. You want the most per mile. Unless your heading home and it's 40 miles away, go ahead and make something on your way back.”
DoorDash Driver "Preferential Access" To HIGHER PAY Orders With A Catch...
What’s going on with DoorDash’s new feature, “preferential access” for higher-paying orders? Is this something that drivers should agree to - or is it just a way for DoorDash to make more while overall paying drivers less?
Here’s what readers are saying:
The overwhelming response from couriers? Not worth it! As one driver in California says, high gas prices combined with no tip orders is a recipe for unprofitability:
“The biggest problem that stops me from even considering this is I’m getting flooded with waves of 1 item, no-tip orders going 10 to 15 miles for a dollar or less per mile, and they are going way out of my zone into residential dead zones like Simi Valley, which is on the other end of a mountain pass. Gas is $6.19 to $6.39 a gallon for regular, so these long-distance orders are deal killers.”