The cost of living is on the rise in the United States. Since the Biden White House came into power, the economy is facing lot of uncertainty.
On the bright side, lockdowns are essentially done and some Americans are getting back to work. H
Inflation is also very much present. Rideshare fees, gas prices, grocery expenses, and more are all going up. Now, a new report warns that the prices for car rentals are expected to double before 2022 rolls around.
Car rental fees in the United States
In May 2021, the average car rental fee jumped to $63.75 per day. However, with summer here, the daily price is only going to keep rising. Now, there are several reasons behind this; however, the first one deals with supply and demand.
At this time, there is a growing demand for car rentals; meanwhile, supply remains somewhat limited. Already, rates for August 2021 are expected to top $100 per day. Analysts are therefore predicting that many Americans will look to mass transit as a means of getting different places without paying an arm and a leg.
