Uber Adds Surcharge To Help Drivers Bear Rising Gas Prices

Uber Technologies Inc UBER introduced a temporary surcharge on fares and deliveries in the U.S. and Canada.
Riders taking Uber trips will pay a surcharge of $0.45 to $0.55 per trip. Uber Eats deliveries will include a $0.35 to $0.45 surcharge.
Uber will pay the surge to the drivers who bore the burden of the surging gas prices. The surcharges will vary per trip distance and gas prices in each state.
The surcharge was effective for at least the next 60 days. It will not apply in New York City because drivers already received a 5.3% pay increase on March 1.
Uber urged its drivers to use electric vehicles, and drivers can make as much as $4,000 more per year for the switch.
The surging gas prices have been a bone of contention between the company and its drivers, CNBC notes. Uber argued that the gas costs were less than 10% of total driver earnings and did not change significantly year on year.
Price Action: UBER shares traded lower by 0.29% at $30.67 in the premarket on the last check Monday.