Why Your Uber and Lyft Rides Are So Expensive | WSJ

The following video is brought to you courtesy of the Wall Street Journal YouTube Channel. Click the video below to watch it now.

Rides may never cost what they did before the pandemic

Your average Uber or Lyft ride cost 50% more this summer than before the pandemic. But prices were inching up even before lockdowns began. Here’s what drove rideshare prices through the roof, and how the companies are working to bring them back down. Composite photo: David Fang/WSJ

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News moves fast, and there’s not always time to untangle the complex forces driving the day’s biggest stories. WSJ Explains breaks down big market moves, business and economic trends, and scientific developments to help you stay ahead of the curve.

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