Delivery company DoorDash said Tuesday it will refund its drivers for some U.S. gasoline purchases to help offset higher prices at the pump.
DoorDash said it will give drivers 10% cash back when they buy gas using DasherDirect, the company’s debit card designed for drivers. Drivers will get the cash back for any gas purchase, whether or not they are completing deliveries at the time.
The San Francisco-based company said it will also start paying weekly bonuses for drivers who drive the most miles. Drivers who travel 225 miles will earn an extra $15, for example.
Gig companies are increasingly concerned about the impact of higher gas prices on their drivers. Earlier this week, Uber said it would start charging customers a fuel fee to offset higher costs for its delivery and ride-hailing drivers.
Uber’s surcharge — of up to 55 cents for rides and 45 cents for Uber Eats orders — will go directly to drivers for at least 60 days.
DoorDash said it isn’t passing its costs on to customers right now. Its programs are scheduled to run through April.
The average U.S. price of regular-grade gasoline hit a record $4.43 per gallon this week. Global supply concerns stemming from Russia’s invasion of Ukraine are contributing to the higher prices.
Before you consider Uber Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Uber Technologies wasn't on the list.
While Uber Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.