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Originally Posted by jamesinclair
Id note that if gas prices were higher, than Lyft/Uber would be more expensive, so theyre certainly intertwined.
One aspect that keep getting ignored is pricing. Gas prices have fallen over the past decade, but most transit agencies hike their fares every 2 years. Some cities are charging $3 for a bus ride. Thats insane to me.
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Uber and Lyft also operate at a loss. Right now your rides are artificially cheap because they are still trying to drive their competition out of the market. Once they have to pivot towards a model that is sustainable long term the price advantage goes away. The question is whether or not this will happen before driverless cars become commonplace?