Lyft CEO John David Risher had previously called Price Lock a $2.99 monthly subscription service that caps prices on specific routes at select times, a way for riders to circumvent the app's "most ...

Lyft is rolling out a new price lock feature that caps the cost of rides, in an attempt to solve the problem of cost unpredictability for those who rely on the platform for daily commutes.

Lyft’s press release states, “To make your day more predictable, we’re launching price lock, a new subscription that caps the price of your regular commute,” according to Audrey Liu, EVP ...

The $2.99 monthly subscription service lets riders lock in a fixed price during peak hours, which Lyft claims can save members up to $40 a month. You’ll pay less if the ride ends up being ...

The Price Lock feature is meant to combat that surge pricing (or as Lyft calls it, “primetime”) for commuters who are using Lyft to go into an office or workplace during peak driving times ...

Lyft’s Price Lock feature is also doing well. With the return-to-office mode gaining steam, there is a surge in weekday demand for ride-hailing services.

Lyft is rolling out a new price lock feature that caps the cost of rides, in an attempt to solve the problem of cost unpredictability for those who rely on the platform for daily commutes.