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by michaelmachine 3465 days ago
I agree that Uber has resulted in more competition from local competitors which is great, but this information about Uber pricing is not correct. Uber prices have gone down overall since the regulatory changes were made to allow Uber and other "ride shares" in Edmonton and put in place insurance requirements. The base cost per trip has gone up but the per distance and per time cost has gone down. Before the regulatory change my trip home from work averaged ~ $10. Example: Base fare: $2.75, Distance: $3.56, Time: $2.32, Safe ride fee: $1.00, Total: $9.63 After the change my trips average the same. Example: Base fair: $2.25, distance $3.46, time: $1.58, booking fee: $2.15, per trip fee (for insurance): $0.06. The total base cost before was $3.75 and after is $4.46, but the per minute and per km costs have gone down. So very short trips cost more than before, but long trips cost less than before. The regulatory change resulted in a cost of $0.06 per trip for insurance.