Uber and Lyft Will Cost More on New Year’s Eve

December 31, 2017

New Year's Eve is considered the single most buisiest night for ride-sharing solutions like Uber and Lyft. Based on supply and demand, it will cost you more money than normal to take an Uber or Lyft tonight.

How much more? Two, Three and Four times the regular rates will not be uncommon because there may not be enough drivers to take everyone where they need to be.

Uber and Lyft encourage drivers to head to busy locations by offering "surge" or higher than normal pricing. As the number of drivers increase and the demand decreases, so does the cost for fares.

This doesn't
 occur only on New Year's Eve, it happens on other busy holidays like Christmas and Thanksgiving. Sporting events and inclement weather or snow storms have the same effect.

Many people play the system. They check the cost of an Uber or even book an Uber, then check the cost for the same ride on Lyft. Whoever comes in cheaper is who they go with. Although at real busy times, you might have to simply wait or pay the price if you want a ride.

One way you could save money in a case like this is using Lyft Line or Uber Pool. It means you'd be sharing the ride with others. Although the cost will be less, the rides often take significantly longer. You may be the first person in the car and the last one out.

Joseph Giannotti

About the Author

Joseph Giannotti

Joseph has been a ride share driver for over a year. He enjoys meeting new people and having interesting conversations. Before moving to Delaware in 2006, he lived in Hawaii for 12 years on the island of Kauai. His goal is to bring the "aloha spirit" to his passengers and give them better service than they expect. In addition to driving, he is employed full time in the customer service industry for a major manufacturing company in Delaware.

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