Why is his daily mileage so high? He states he makes $1.10 per mile, drives 260 miles a day, but only makes $150 a day.

This implies that less than half his mileage is being utilized. With an operating cost of about $0.22/mile (it's actually higher given depreciation from excess mileage - I'd guess it's closer to $0.3), he is probably making maybe $0.36/mile driven. (factoring depreciation, < $0.28/mile), which means his net during the year is something like $26k to $34k.

My take-aways:

1. The biggest surprise is how low his mileage utilization is. With an efficient dispatch system that Uber offers, I would have expected much higher mileage utilization -- someone shouldn't need to drive around for long searching for rides like a taxi would.

2. He needs to get a more fuel efficient car. His MPG is only 26, which hurts his bottom line.