U.S. oil prices rise, Lyft launches driver subsidy program

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Ride-hailing company Lyft announced on Wednesday that due to rising gasoline prices squeezing the income of gig workers, the company will launch a temporary driver (cost) rebate program in the United States.

Due to disruptions in energy supply caused by conflicts between the U.S. and Iran, fuel costs have surged sharply, hurting gig workers’ earnings.

In recent weeks, the national average gasoline price in the U.S. has soared over 30%, hovering around $4 per gallon.

Lyft’s 60-day plan will run from March 27 to May 26, offering cashback rewards and fuel savings to drivers using Lyft Direct debit cards at qualifying gas stations.

Under the program, high-performing drivers will receive an additional 2% cash back on fuel purchases, while mid-tier drivers will get an extra 1%, and existing rewards range from 1% to 10% depending on driver status.

The company stated that, based on the national average gas price of $3.97 per gallon, including discounts from Lyft partners, top drivers can save up to 94 cents per gallon.

Food delivery platform DoorDash announced on Monday that it is launching a similar program, which will run until April 26.

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