Great news for Silicon Valley drivers: Uber is raising its prices.
Bad news for Silicon Valley riders: Uber is raising its prices.
Uber users in this approximate area will now see UberPool, UberX and UberXL fare increases of 20%:
Here is a summary of the fare increases for Silicon Valley and South Bay that Uber announced today in an email:
This increase bumps the fares above the prices of nearby San Francisco.
San Francisco prices:
Silicon Valley/South Bay prices:
This increase generally matches the rates of Lyft in Silicon Valley:
Like the housing prices, these ride-share prices are about double that of Orlando, as an example:
But it’s all quite a bit cheaper than New York City:
I got a little carried away with my fare comparisons there(here’s the site if you want to do your own comparing), but bottom line: the fare increase won’t be noticeable to most Uber users, but could be helpful to many Uber drivers, so I’m a fan.
Here’s an example of a 12-mile ride estimate in Uber’s new app design with the new prices:
This fare increase comes after aggressive price drops as Uber tried to defeat its competitor Lyft, including a price cut early this year that angered many drivers.
I post about Uber and Lyft quite a bit, so check out my Topics page if you’re interested in more posts.