Ride-Share Prices Are Rising. Will They Ever Go Back Down?
From Chicago Tribune
The number of tourists, office workers and partyers venturing out in Chicago is ticking up, and ride-share prices are rising with them.
The surge has left many riders wondering: when will prices go back down?
Ride-share users paid an average of $26.43 per trip in June, Chicago city data shows the highest monthly average since the city began tracking data in November 2018, and nearly $10 more than the same month in 2019.
The increase meant the average ride-share trip in June cost a little more than the average trip by taxi, which is regulated by the city. That was a reversal from two years earlier when passengers paid nearly $2 more to travel by cab.
Paul Caine | July 29, 2021 8:49 pm
A global shortage of computer chips is causing major headaches for American manufacturers.
The COVID-19 pandemic has caused the disruption of supply chains and manufacturing the world over. Manufacturers of computer chips in Asia have been especially hard hit. And that means companies that make products that rely on such chips are feeling the pinch.
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It’s been estimated that U.S. automakers alone will make 1 million fewer cars this year because they’re unable to source the computer chips they need. That in turn has driven up prices of new cars, but also driven a sharp rise in the price of used vehicles as well.
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Will surging ride-share prices ever go back down? chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.