Uber and Lyft drivers feeling the sting of higher gas prices

Published March 18, 2022 3:00am ET



The Russian war in Ukraine has pushed gas prices to record levels, and Uber and Lyft drivers who need to pay even more out of pocket to do their job feel the pinch.

Russia is one of the world’s largest crude oil producers, so when the United States announced it would no longer be importing Russian oil, which makes up about 8% of total U.S. oil imports, global prices shot through the roof. Add concerns about other stinging sanctions imposed by the U.S. and Western powers, and oil prices skyrocketed.

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