00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Gas prices in the U.S. rose above $4 per gallon for the first time since 2022,
00:07after the U.S.-Israeli war with Iran disrupted oil flows through the Strait of Hormuz,
00:12pushing crude above $100 per barrel. According to CNN, Americans spent more than $8 billion
00:17extra on fuel in the past month. Rideshare and delivery drivers said rising costs are
00:21eroding profits and forcing some to stop driving. Uber, Lyft, DoorDash, and Instacart
00:26introduced fuel-related incentives, including cash back on gas purchases and limited weekly
00:30payments tied to driver activity. Most Uber and Lyft drivers interviewed said they were unaware of
00:35the incentives and did not have access to the eligible cash back programs. Drivers called for
00:39higher pay or direct support as fuel costs increase. Lyft and Uber did not respond to
00:43CNN's request for comment. For all things money, visit Benzinga.com.
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