You may have heard that Lyft wants to kill surge pricing. “Prime Time, also called ‘surge pricing’ by Uber, is where you basically don’t have enough driver supply, so you have to price it ...

making it easier to avoid surge pricing. The rideshare app's Price Lock option is aimed at daily commuters. It's Lyft's latest attempt to compete with Uber in the rideshare world. Lyft's latest ...

The surge or dynamic pricing, which hits customers using Lyft and Uber, is affected by high demand, bad weather or rush hour. Senate Finance Chair Sherrod Brown, D-Ohio, in July wrote a letter ...

It’s no surprise that surge pricing was in full effect ... even in festival traffic — clocked in at $71 on Lyft, and $48 on Uber. A trip further west to Dogpatch cost $98 on Lyft and $ ...

The Uber competitor announced during a quarterly earnings call yesterday that phasing out surge pricing is on its list of priorities moving forward. TechCrunch reports that Lyft CEO David Risher ...

Uber and Lyft are pushing back on the legislative ... and it’s not clear how it pencils out during surge pricing periods. Uber takes less than 20% of each fare on average for rides in the ...

The culprit is surge pricing, one of ridehail’s most important and controversial innovations. Customers grumble about higher fares, but Uber and Lyft executives have insisted that surge pricing ...

Uber (UBER) and Lyft’s (LYFT) surge pricing practices have come under the scrutiny of lawmakers. A proposed bill in Washington state, Senate Bill 5600, seeks to cap surge pricing for these ride ...

While surge pricing isn't ending, Risher said Price Lock "can chip away at how often it occurs" and give riders "a reason to choose Lyft." An Uber spokesperson did not immediately respond to ...