NEW YORK (1010 WINS) -- Taking an Uber costs more per mile in New York City than any other city in the country.
The average cost of a 6.2 mile ride is $34.74, according to a NetCredit study that checked rates in the 30 largest cities in the U.S.
NetCredit is a credit and loan management company that sometimes does market research
The study found the cheapest rides among large U.S. cities are in El Paso, where an average 6.2 mile ride costs $12.56.
Nashville, Denver and Seattle were the only other cities to rise above the $30 mark, with averages of $34.63, $33.91 and $32.63 respectively for a 6.2 mile drive.
Prices for Uber rides are at an all-time high, according to the Wall Street Journal.
Uber has operated at a loss for years and relied on venture capital to stay afloat with the promise that one day it could turn a profit.
As pressure mounted for the ridesharing company to put its money where its mouth is, Uber started jacking up the price of rides, according to reporting from Vice.
Uber pushed prices even higher recently due to high inflation, a driver shortage and spiking gas prices.
The price increases have led to a dip in ridership as users often have the option to choose alternatives like public transit or taxis.
Unfortunately for New Yorkers, Uber and its most popular counterpart Lyft kneecapped the city’s taxi infrastructure by undercutting cab drivers with venture-capital-subsidized low prices.
The industry was then decimated a second time by the pandemic, when many New Yorkers stopped taking any sort of car service altogether.
There were 13,237 taxi cabs and about 40,000 other for-hire vehicles licensed by the New York City Taxi and Limousine Commission in 2010, a year after Uber was founded.
By February 2020, there were about 11,400 taxis in the city. In June 2022, that number was cut by more than half to 4,900, according to the New York Post.
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